In a city grappling with an affordability crisis, thousands of hopeful tenants apply for a limited number of subsidized apartments. But some developers are having trouble finding tenants to fill these spots, specifically those reserved for higher-income residents. A particularly hard slot to fill is reserved for people who earn 130 percent of the area median income (AMI) or higher — which in New York City is $86,840 for an individual. According to some, the problem […]
source https://therealdeal.com/2017/11/09/why-developers-cant-find-tenants-for-certain-affordable-apartments/#new_tab
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