nyc BLOG estate

nyc BLOG estate

2020 HDFC Area Median Income (AMI)

NYC Housing Preservation & Development (HPD)

The AMI for 2020 is $113,700 for a family of four


The following is the maximum Income allowed for HDFC coops
 
based on Area Median income (AMI) and Family Size


3 Bedroom HDFC For Sale - 45 Central Park North 5B


Low-income Programs:
Extremely Low and Low Income Affordability Program (ELLA)
This program is for individuals or households with a combined annual income of up to 60% of AMI. The maximum incomes (adjusted for family size) are as follows:
60% of AMI
$68,220 - Family of four
$61,440 - Family of three
$54,600 - Family of two
$47,760 - Individual
80/20 Program, Mixed-Income Program:
These programs are for individuals or households with a combined annual income of up to 40% or 50% of AMI. The maximum incomes (adjusted for family size) are as follows:
40% of AMI
$45,480 - Family of four
$40,960 - Family of three
$36,400 - Family of two
$31,840 - Individual
50% of AMI
$56,850- Family of four
$51,200- Family of three
$45,500 - Family of two
$39,800 - Individual
Moderate to Middle-Income Programs:
Mixed Income Programs: Mix & Match, M2, 50/30/20 Programs
These programs are for individuals or households with a combined annual income of up to 100%, or 130%, or 165% of AMI. The maximum incomes (adjusted for family size) are as follows:
100% of AMI
$113,700 - Family of four
$102,400 - Family of three
$91,000- Family of two
$79,600- Individual
130% of AMI
$147,810 - Family of four
$133,120 - Family of three
$118,300 - Family of two
$103,480 - Individual
165% of AMI
$187,605 - Family of four
$168,960 - Family of three
$150,150 - Family of two
$131,340 - Individual


Source: 
U.S. Department of Housing and Urban Development, NYC Housing Preservation Development

NYC Income Bands and Percent of AMI

Income Band

Percent of AMI

Extremely Low-Income0-30%
Very Low-Income31-50%
Low-Income51-80%
Moderate-Income81-120%
Middle-Income120-165%

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