§ 19-04 General Restrictions and Ineligibility.
RCNY § 19-04
a. Affiliated firms operating at the Eligible Move-Out Site must apply as co-Applicants and if a grant is awarded, such grant will be limited to the maximum grant amount for which one (1) Applicant would be eligible. b. Affiliated firms operating in separate buildings may submit separate Applications. c. An Applicant who amends its lease for the Eligible Move-Out Site, amends its lease or Contract of Sale for the Eligible Move-In Site, reorganizes, changes its name or status as a small business or makes changes in its business operations for the sole purpose of attempting to qualify for a grant, as determined by DSBS, will not be eligible for a grant. d. An Applicant or Affiliated firm whose Eligible Move-Out Site is a unit or units in a cooperatively-owned building in which it owns share of stock, or an Applicant or Affiliated firm who owns the Eligible Move-Out Site will not be eligible for a grant. (Added City Record 5/30/2025, eff. 6/29/2025)
