Mixed Income(2)
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NEW YORK CITY HOUSING DEVELOPMENT CORPORATION MIXED-INCOME GUIDELINES
LOW-INCOME UNITS An applicant’s income cannot exceed 50% of the Area Median Income, adjusted for family size. HUD currently calculates the Area Median Income for the New York City metropolitan area as $70,900 for a family of four. Below are approximate maximum allowable incomes, by family size, minimum income is set by the developer for the low-income units. All apartments are subject to rent stabilization. 50% of AMI Family Size 1: $24,800 2: $28,350 3: $31,900 4: $35,450 A portion of the units set-aside for low-income tenants, are rented to those making no more than 40% of the area median income. The below are approximate maximum allowable incomes by family size.
40% of AMI Family Size 1: $19,840 2: $22,680 3: $25,520 4: $28,360 Please contact the developer or the managing agent directly to determine if you qualify for a particular development and to obtain an application.
MIDDLE-INCOME UNITS
An applicant’s income cannot exceed the lesser of seven or eight times the annual rent, adjusted for family size, with an absolute cap of 175% of Area Median Income (AMI) for 75% of the apartments in a building and 200% of the AMI for 25% of the apartments. HUD currently calculates the area median income for the New York City metropolitan area as $70,900 for a family of four. Below are approximate ranges for allowable income, by family size. Exact rents, minimum and maximum incomes are set by the developer for each development. Please contact the developer or the managing agent directly to determine if you qualify for a particular development and to obtain an application:
175% of AMI Family Size: 1 - $30,000 - $117,180 2 - $40,000 - $124,075 3 or 4 - $48,000 - $124,075 200% of AMI Family Size: 1 - $30,000-$117,180 2 - $40,000-$141,800 3 or 4 - $48,000-$141,800
LOW-INCOME UNITS An applicant’s income cannot exceed 50% of the Area Median Income, adjusted for family size. HUD currently calculates the Area Median Income for the New York City metropolitan area as $70,900 for a family of four. Below are approximate maximum allowable incomes, by family size, minimum income is set by the developer for the low-income units. All apartments are subject to rent stabilization. 50% of AMI Family Size 1: $24,800 2: $28,350 3: $31,900 4: $35,450 A portion of the units set-aside for low-income tenants, are rented to those making no more than 40% of the area median income. The below are approximate maximum allowable incomes by family size.
40% of AMI Family Size 1: $19,840 2: $22,680 3: $25,520 4: $28,360 Please contact the developer or the managing agent directly to determine if you qualify for a particular development and to obtain an application.
MIDDLE-INCOME UNITS
An applicant’s income cannot exceed the lesser of seven or eight times the annual rent, adjusted for family size, with an absolute cap of 175% of Area Median Income (AMI) for 75% of the apartments in a building and 200% of the AMI for 25% of the apartments. HUD currently calculates the area median income for the New York City metropolitan area as $70,900 for a family of four. Below are approximate ranges for allowable income, by family size. Exact rents, minimum and maximum incomes are set by the developer for each development. Please contact the developer or the managing agent directly to determine if you qualify for a particular development and to obtain an application:
175% of AMI Family Size: 1 - $30,000 - $117,180 2 - $40,000 - $124,075 3 or 4 - $48,000 - $124,075 200% of AMI Family Size: 1 - $30,000-$117,180 2 - $40,000-$141,800 3 or 4 - $48,000-$141,800
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