AMGIAmerican Mold Guard, Inc. (Tustin, CA)
AMGIArea Median Gross Income (low housing tax credit units tenancy)
AMGIAdvanced Marketing Group Inc. (Austin, TX)
AMGIAlaska Mountain Guides International, Inc. (est. 1992; Haines, AK)
AMGIAgencia Mutua para la Garantía de las Inversiones
AMGIAdvanced Missions Group International (intelligence and security firm)
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References in periodicals archive ?
(3q) In the case of a low-income housing project for which the 15% of the low-income units are occupied by individuals whose income is 40% or less of AMGI and an irrevocable election is made, this threshold is increased to 170%, but the income limitation for a new resident occupying a unit of comparable or smaller size cannot exceed 40% of AMGI.
In New York City there is an exemption which allows owners to set aside 25% of the units to tenants with no more than 60% of AMGI.
These tests require reserving a minimum of either (1) 20% of the units for residents whose income does not exceed 50% of AMGI or (2) 40% of the units for residents whose income does not exceed 60% of AMGI.
For example, one LIHTC property in Houston, Texas, contains approximately 200 units and has been allocated tax credits based on a commitment that a minimum of 85.91% of its units to occupancy by individuals or families with incomes 60% or less of AMGI. For this property, 172 units out of the 200 (200 x 85.91% = 171.8) must be occupied by low-income residents.
42 and also sets the maximum allowable area median gross income (AMGI) for the determination of income and rent restrictions.