Chair Riley raises AMI issue and conversations with federal government
He notes the Bronx has done its fair share, mentions AMI mixing with Westchester, and asks if there is energy to address AMI; Sandler says he can't speak to mayor's conversations but HPD serves right incomes.
I'm going to go and...
I wanted to touch really quick on that AMI issue.
We do even see places like in the Bronx where the AMI is being mixed with, you know, parts of Westchester.
I know the mayor has been having several conversations with the president and just wanted to know if there are any energy with addressing that AMI issue that a lot of people in the city are seeing.
Well, I certainly can't speak to the mayor's conversations with the president.
I can't say on the topic of AMI.
I think that really the most AMI is it's all relative, right?
So I think the most important thing is that the projects that we're creating are serving the right incomes.
And so when we're looking to finance affordable housing, you know, our goal is.
And what we're committed to in the housing plan is that 50% of the housing we finance will be for extremely low and very low incomes.
And we're always open to...
having conversations about what are the right incomes for each project that we should be serving.
The deeper affordability, the more subsidy, but we're committed to providing deep affordability in our projects.
And again, to want to be providing affordable housing that's above market.
That's not the goal here.
I think some more conversation needs to happen around that.
We're partnering with everyone in government, local, state, and federal.
That conversation can happen all day.
So I'll move on to Councilmember Brewer, followed by Satu Suoso, then Lee.