Adi Talwar
535 Carlton devotes 50 percent of its apartments to upper-middle-income households, with rents set at 160 percent of Area Median Income, or up to $149,490 for a family of four.
“Area Median Income plays an integral role in determining affordability. But communities across the five boroughs faced with potential affordable housing development routinely ask, ‘affordable for whom?’ as lower-income communities are held to the economic median of wealthy suburbs outside of the city.”
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