Establishes that area median income for affordable housing programs in New York City must be calculated either per zip code or per region, whichever.

This bill mandates that affordable housing programs in cities with a population of one million or more, including New York City, must use the lower of two area median income calculations for eligibility: either the income proportional to the zip code where the program is located or the regional area median income. This change aims to ensure more accurate income assessments for housing programs.

Establishes that area median income for affordable housing programs in New York City must be calculated either per zip code or per region, whichever.

This bill mandates that affordable housing programs in cities with a population of one million or more, including New York City, must use the lower of two area median income calculations for eligibility: either the income proportional to the zip code where the program is located or the regional area median income. This change aims to ensure more accurate income assessments for housing programs.