2020 HDFC Area Median Income (AMI) Buying and Selling HDFC Coops

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

Selling Your HDFC Coop

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