The Lingo
This list won’t make your city any kinder, but it might help you crack its code.
☆ Luxury Apartment! (based on 80% AMI)
Area Median Income (AMI) The median income in a metropolitan area. Used by hud to calculate eligibility for affordable housing subsidies. These incomes are way higher than those in poor neighborhoods, making the subsidies out of reach for most people living in them. Bird Dog The eyes and ears of real estate investors. Bird dogs […]
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