§ 26-02 General.
RCNY § 26-02
The Department of Housing Preservation and Development of the City of New York (HPD) is responsible for managing, rehabilitating, and disposing of buildings owned by the City of New York that were acquired through tax foreclosure and other means. HPD recognizes that it has not increased rents to commercial tenants on a regular basis and the result is that some businesses pay less to HPD than the cost of similar space leased by competing businesses, thus providing such commercial tenants an unfair competitive benefit.
