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M2 (Mixed-Middle)

Under HDC抯 M 2 Program, 20% of the units in a new or rehabilitated development must be reserved for low-income households earning less than 50% of the New York City Area Median Income (AMI) and 25% of the units must be affordable to those earning at or below 60% of AMI. A minimum of 30% of the units must be affordable to moderate-income households earning between 80% and 100% of AMI. A maximum of 50% of the units can be affordable to middle-income households earning 130% to 165% of AMI.