Stuart L. Rabin’s Post

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Village Manager at Village of Port Chester

https://lnkd.in/eE7mUdrj Robert Merchant’s article highlighting one, single, solitary unit of “affordable housing” in a proposed 7 unit Greenwich, CT redevelopment project reflects that this unit will be “affordable” and calculated at 80% AMI. The AMI for Greenwich, CT is $127,123…meaning the unit would be available to provide “affordable” housing at a rate of $102,000. Is the article’s title really reflective of the reality? Does $102,000 a year sound like a single/ family income that would be synonymous with affordable housing? Perhaps there should be a redetermination of a different percentage (%) of AMI to be utilized if someone wants to tout they are developing “affordable housing.”

Proposed Greenwich apartment building will have affordable unit

Proposed Greenwich apartment building will have affordable unit

greenwichtime.com

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