HUD 223(f) Affordable

AMI: Area Median Income in Relation to HUD 223(f) Loans

AMI: Area Median Income in Relation to HUD 223(f) Loans

Area Median Income, or AMI, is a statistic calculated by HUD that estimates the median annual income of households in a certain area. If you're a multifamily investor interested in using a HUD 223(f) loan to acquire or refinance an affordable property-- or you want to take advantage of LIHTC credits or the HUD Section 8 program, it's essential to know the AMI for the area in which your property is located.