Bill > A02187

This bill requires that in cities with a population over one million (which in New York State means New York City), any new affordable housing program must calculate its area median income (AMI) using the lower of two methods: either the AMI specific to the zip code where the housing is located or the AMI for the broader region. Area median income is a key metric used to determine housing affordability, representing the midpoint of an area's income distribution. By mandating the use of the lower AMI calculation, the bill aims to potentially make affordable housing more accessible by using income data that might result in lower income thresholds for housing eligibility. The bill would apply to any affordable housing programs initiated after its effective date and is designed to take effect immediately upon passage. This approach could help ensure that affordable housing programs use income calculations that most accurately reflect the economic conditions of specific neighborhoods or regions within New York City.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A2187