3 ms·
‘Affordable housing’ is an overloaded term at this point. There are people who qualify for ‘affordable housing’ in NYC who are making ~$180,000 and will be payi
by scrose 4y ago
‘Affordable housing’ is an overloaded term at this point. There are people who qualify for ‘affordable housing’ in NYC who are making ~$180,000 and will be paying $3,000/mo or more in rent after their ‘low-income subsidy’ is factored in.
- areyousure 4y agoIn case anyone is curious, here is a table of "area median income" in New York City: https://www.nyc.gov/site/hpd/services-and-information/area-median-income.page https://www.nyc.gov/site/hpd/services-and-information/area-m... It does appear to be the case that you can qualify for "affordable housing" in NYC if you make $180,000/year ... and have a family size of at least 3. (In fact, it goes up to $290,565/year with a family size of at least 8.) However, the category of income this represents is "middle income", one level above "moderate income" and two levels above "low income". Even with a family size of 8, "low income" caps out at $140,880/year. It appears that approximately half of new affordable housing targets "low income", and most of the remaining half for incomes lower still. (The specific term "low-income subsidy" appears to mostly refer to the "Medicare Part D Extra Help Program" and cuts off below $35k/year.)