METHODOLOGY FOR CALCULATING AMI AND RENT LEVELS

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County Board of County Commissioners (BCC) is considering a resolution directing the County Mayor or designee to report on the methodology used by HUD to calculate Area Median Income (AMI) for Miami-Dade County and explore alternative methods. The AMI is crucial for determining eligibility for various housing programs, including Section 8, public housing, low-income housing tax credits, and tax-exempt housing bonds. The resolution aims to assess the accuracy and reliability of the current HUD methodology, particularly in areas with high living costs or inflation, and to identify potential barriers to affordable housing access. The report will compare HUD's AMI with other estimates and assess alternative methodologies like using wage index or median weekly earnings data. The current AMI for Miami-Dade County for all families is $89,800, and for a family of four is $136,200. The Housing Committee forwarded the item to the BCC with a favorable recommendation. The report is due within 90 days of the resolution's effective date.