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HUD Mixed Income

HUD Mixed Income

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Published by anon-839473

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Published by: anon-839473 on Apr 01, 2007
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01/01/2013

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NEW YORK CITY HOUSING DEVELOPMENT CORPORATIONMIXED-INCOME GUIDELINES
LOW-INCOME UNITS
An applicant’s income cannot exceed 50% of the Area Median Income, adjusted forfamily size.HUD currently calculates the Area Median Income for the New York City metropolitanarea as $70,900 for a family of four.Below are approximate maximum allowable incomes, by family size, minimum income isset by the developer for the low-income units.All apartments are subject to rent stabilization.
50% of AMI
Family Size 1: $24,8002: $28,3503: $31,9004: $35,450A portion of the units set-aside for low-income tenants, are rented to those making nomore than 40% of the area median income. The below are approximate maximumallowable incomes by family size.
40% of AMI
Family Size 1: $19,8402: $22,6803: $25,5204: $28,360
Please contact the developer or the managing agent directly to determine ifyou qualify for a particular development and to obtain an application.

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