The AMI Cheat Sheet 2017
AMI stands for Area Median Income. It is calculated and released every year by the U.S. Department of Housing and Development (HUD). AMI is the combined average household income for the full New York City metropolitan area. This includes the incomes of residents in the all five boroughs, along with surrounding counties like Westchester, Putnam, Fairfield, and Rockland. AMI sets the rent of a subsidized residential unit and what households can qualify for that rent level. To calculate AMI you need both your total household income and household size.
Our Area Median Income (AMI) Cheat Sheet was so helpful that the Association for Neighborhood & Housing Development (ANHD) was contacted by nearly 10 jurisdictions outside of New York State who wanted to make their own local versions.
Since the AMI Cheat Sheet has gone from a handy dandy desk guide to a tool being used in offices, trainings, and community meetings throughout the City – and across the country – we’ve made some updates to both the methodology and the layout. Below is the updated 2017 AMI Cheat Sheet. This AMI Cheat Sheet gives you all the information you need in a clear, visual form, including the following for each AMI level:
- Maximum income for a 3-person household
- Maximum net affordable monthly rent for a 2 bedroom apartment
- Percent of NYC households at each AMI level
- Percent of NYC households in each AMI category
ANHD is excited about helping local residents understand what those AMI levels actually mean for their own communities. Understanding what each AMI level really means is critical for helping families qualify for affordable housing and for shaping policies and programs that address community needs.
Are you a jurisdiction that would like to make your own AMI Cheat Sheet? Send us an email here and we will send you a Cheat Sheet Toolkit.
