§ 18-03 Eligibility Requirements.
RCNY § 18-03
a. To be eligible for a risk assessment and grant pursuant to this chapter, an applicant must satisfy all of the following criteria: 1. Applicant must be an owner or a tenant of a commercial property that is located in a geographically vulnerable area.
2.Commercial property must be occupied by a small business that has been in operation for at least one (1) year at the time of application.
3.Applicant's annual revenue for the prior calendar year, or the most recent calendar year for which the applicant submitted a federal income tax return, from the commercial property in the case of an applicant who is an owner, or from the small business in the case of an applicant who is a tenant, is no more than $30 million.
4.Applicant must not owe any outstanding federal, state, or city taxes, and must not be delinquent in payments owed to resolve judgments or liens.
5.Applicant must be in substantial compliance with applicable federal, state, and local laws, rules and other legal requirements.
6.Applicant must not have previously received any grant or other benefit, including an assessment relating to resiliency, from DSBS' BPREP Grant Program or the RISE: NYC program.
7.All required licenses and permits relating to the commercial property or the small business occupying the commercial property must be current.
8.Applicant must complete an application. Applications will be available online at www.nyc.gov/sbs or may be obtained by directly contacting DSBS. b. Grants may only be used to fund the purchase of resiliency equipment that has been recommended in the risk assessment report and approved by DSBS. An applicant determined to be an awardee pursuant to this chapter must provide documentation evidencing the purchase of approved resiliency equipment in order to receive a grant. c. Within 90 days following the date this section takes effect, DSBS will post the application deadline on its website. Such application deadline must be posted no later than 90 days before the date of such application deadline. In order to be eligible to be determined to be an awardee in round one pursuant to subdivision c of 66 RCNY § 18-04, an applicant must submit an application on or before the application deadline. Applicants may continue to submit applications after the application deadline to be considered to be determined an awardee in round two pursuant to subdivision c of 66 RCNY § 18-04. (Added City Record 3/2/2023, eff. 4/1/2023)
