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NYC Rules of the City of New York

§ 41-25 — Limitations on Generation of Floor Area Compensation.

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What is NYC RCNY § 41-25?

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For New Construction Affordable Housing, Assisted Affordable Units shall not generate any Floor Area Compensation for any Compensated Development other than (a) a Compensated Development on the zoning lot on which such Assisted Affordable Units are located, or (b) a Compensated Development on a development site on whic

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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Effective: 10/13/2017

§ 41-25 Limitations on Generation of Floor Area Compensation.

RCNY § 41-25

For New Construction Affordable Housing, Assisted Affordable Units shall not generate any Floor Area Compensation for any Compensated Development other than (a) a Compensated Development on the zoning lot on which such Assisted Affordable Units are located, or (b) a Compensated Development on a development site on which such Assisted Affordable Units are located where such development site includes two or more zoning lots that were reviewed and approved as a single unit pursuant to the Zoning Resolution. (Added City Record 9/13/2017, eff. 10/13/2017)

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