What is the AMI in commercial real estate?
AMI stands for Area Median Income and is a statistic published by HUD. It is the household income of the median (middle) household (in terms of wealth) in a region. HUD releases the AMI for areas across the USA every year. AMI is used as a measure to determine who qualifies for its federal housing programs.
HUD collects statistics of income limits for families within a specified region and compiles the data. This data can be used to determine Median Family Income or MFI for any area in the country. The statistics garnered from this research helps the housing department decide which areas qualify for certain federal housing programs.
The USDA provides a chart listing the AMIs across America
(http://www.rurdev.usda.gov/HSF-Guar_Income_Limits.html), which lists the
AMI of any specific address.