What Is Affordable Housing?

Affordable Housing

Housing is considered affordable when a household spends no more than 30% of its income on rent. Housing New York aims to create and preserve housing for people earning a wide range of incomes.

Area Median Income (AMI)

AMI is defined each year by U.S. Department of Housing and Urban Development (HUD) for all cities across the country. The 2017 AMI for the New York City region is $85,900 for three-person family (100% AMI).

2017 New York City AMI

Family Size30% of AMI40% of AMI50% of AMI60% of AMI80% of AMI100% of AMI130% of AMI165% of AMI
1 $22,040 $26,720 $33,400 $40,080 $53,440 $66,800 $86,840 $110,220
2 $22,920 $30,560 $38,200 $45,840 $61,120 $76,400 $99,320 $126,060
3 $25,770 $34,360 $42,950 $51,540 $68,720 $85,900 $111,670 $141,735
4 $28,620 $38,160 $47,700 $57,240 $76,320 $95,400 $124,020 $157,410
5 $30,930 $41,240 $51,550 $61,860 $82,480 $103,100 $134,030 $170,115
6 $33,210 $44,280 $55,350 $66,420 $88,560 $110,700 $143,910 $182,655

Source: U.S. Department of Housing and Urban Development