Thursday, September 21, 2017

Tag Archives: area median income

The Updated AMI Cheat Sheet is Better Than Ever!

The Updated AMI Cheat Sheet is Better Than Ever!

We’ve Added Some Helpful Information For Our Groups and Now Other Areas Can Create Their Own Cheat Sheets

 

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.

And for our local ANHD partners, hard copies of your AMI Cheat Sheets will be in your mailboxes soon, so keep an eye out!

Click here to download your copy of the updated 2017 AMI Cheat Sheet!

 

Barika Williams, ANHD’s Deputy Director

Just in time for Spring! The AMI Cheat Sheet 2017 Edition

Just in time for Spring! The AMI Cheat Sheet 2017 Edition 

The Area Median Income (AMI) Cheat Sheet / Wallet Card You Always Wanted!

 

A lot of people are talking about affordable housing policy these days. And you can’t have a conversation about affordable housing policy without talking about Area Median Income (AMI) levels.

But what do those AMI levels actually mean? 30% of AMI, 60% of AMI, 120% of AMI?  Throwing those numbers around doesn’t make things clear for most people, unless you can translate that number into the rents and incomes everyone understands.

ANHD staff (most of us, anyway) use a cheat sheet.  Now you can, too!

Wow your friends and befuddle your enemies! Kick sand in the face of the bully insulting your affordable housing plans as you demonstrate a fluent understanding of what each AMI level actually means!

This AMI Cheat Sheet is easily foldable to fit into your wallet or handbag and gives you the information you need in a clear, visual form about how each AMI % translates to:

  • A monthly rent for that apartment
  • A household income amount
  • The % of New Yorkers at each AMI level

If you are interested in a full analysis of why the federally-set AMI methodology is especially off-base in New York City, read the discussion of how AMIs are determined beginning on page 26 of ANHD’s 2013 report, Real Affordability: An Evaluation of the Bloomberg Housing Program and Recommendations to Strengthen Affordable Housing Policy.

Download your copy of The AMI Cheat Sheet [2017] here. Happy Spring from the ANHD Team!