AMI stands for Area Median Income. It is calculated and released every year by the U.S. Department of Housing and Development (HUD).

What does 60% AMI mean?

The rental component of the overall HAI measures, for the typical household with income at 60% of the median household income, the percent of median household income required for gross rent, including utilities, for the median unit rented.

What does up to 80% AMI mean?

Income qualification is generally separated into three main tiers: Low Income (80% AMI), Very Low Income (50% AMI), and Extremely Low Income (30% AMI). ... A household's income is calculated by its gross income, which is the total income received before making subtractions for taxes and other deductions.