QUESTION
What are the affordability requirements for housing units in the program?
1:56:16
·
50 sec
The Associate Commissioner explains that 50% of units must have rents affordable for households earning up to 80% of the Area Median Income (AMI), including those at 20% of AMI.
- The affordability range is from 20% to 80% of AMI
- Half of the total units need to meet the criteria of being affordable for up to 80% AMI
- This includes households at the 20% AMI level
- Affordability is determined by rent rolls, not participation in any particular program
Pierina Ana Sanchez
1:56:16
And in terms of affordability, it's everything below 80% of AMI because I saw that there was a range from 20 to 80 percent of AMI to 30 to 80 percent of AMI?
Lucy Joffe
1:56:29
Familiar with the change that you're referring to, but 50% of the units have to be at rents that are affordable to households earning 80 percent of AMI?
Pierina Ana Sanchez
1:56:40
So including 20 percent of AMI Yes.
Lucy Joffe
1:56:42
Up to and including.
1:56:43
Yes.
1:56:43
Okay.
Pierina Ana Sanchez
1:56:50
And these affordability levels, it's just looking at the rent rolls.
1:56:54
That's the way that you confirm it.
1:56:55
It's not that they're necessarily participating in any particular program
Kim Darga
1:56:59
or registration.
1:57:01
It's the registration data.
1:57:02
Yeah.
1:57:03
It's the actually, the registration data.
Pierina Ana Sanchez
1:57:05
Okay.