Give context to AMI brackets

[tdooner]

(AMI = Area Median Income)

On page 36 & 37 of the 2014 Housing Inventory ("Standards and Definitions of Affordability"), there are these classifications of AMI brackets:

• 20% AMI ("Extremely Low Income")
• 50% AMI ("Very Low Income")
• 60% AMI ("Lower income")
• 80% AMI ("Low Income")
• 120% AMI ("Moderate Income")
• Market Rate

For a 1 bedroom rental, that breaks down to this much rent:

• $536/mo. (Extremely Low Income)
• $924/mo. (Very Low Income)
• $1,118/mo. (Lower Income)
• $1,507/mo. (Low Income)

Table 17 in the housing inventory (page 40) gives the number of units constructed in 2014, per classification. Cool!

I have a couple questions, and there is probably a bunch of other context I'm not thinking of:

• What is the role of these brackets as for renters?
• If a renter moves between brackets, what happens? Is there a grace period?
• Are there incentives to landlords to build by bracket?

[anselon]

What is the role of these brackets as for renters?

If a renter moves between brackets, what happens? Is there a grace period? -- seems less relevant now if the website won't include info on Affordable housing and not well documented --

Are there incentives to landlords to build by bracket? 20% AMI ("Extremely Low Income")

• incentive for investment: Low Income Tax Credit
• non-profits building this 50% AMI ("Very Low Income")
• Low Income Tax Credit
• non-profits building this 60% AMI ("Lower income")
  • Low Income Tax Credit
• non-profits building this 80% AMI ("Low Income")
  • Low Income Tax Credit

120% AMI ("Moderate Income")

• Affordable Housing Benefits Program -> the details of this program are still being hashed out, but this seems to be the most relevant for this project. It provides incentives such as allowing developers to build two stories higher. However, It requires that developers do not demolish any existing units. -> an overview here: http://www.sf-planning.org/index.aspx?page=4233#overview

Market Rate

• incentives: profitable