§ 5-04 Application Materials.
RCNY § 5-04
In addition to any other material required by LPC Staff, the following documents, as applicable, must be submitted in support of an application for a grant: (a) Individuals. An applicant who is an individual, or is comprised of multiple individuals, must submit for each individual, as applicable, the following documents: (1) Signed current federal tax forms, or, if no tax return was required to be filed, a signed statement with an explanation. If income has changed substantially, the applicant must submit relevant tax forms for the last three (3) years; (2) W-2 Forms and Schedules A, B, C, D, and E filed with each 1040 Tax Form; (3) A signed list of all properties owned and related rent receipts in lieu of Schedule E; (4) Pension receipts; (5) Notification of Social Security, disability or other benefits; (6) Records of all other income or distributions; (7) List of sources of funding for restoration project; and (8) The property deed in the name(s) of the applicant(s).
(b)Non-Profit Entity. An applicant that is a nonprofit organization must submit the following documentation: (1) A copy of the articles of incorporation and confirmation from the Internal Revenue Service of its non-profit status; and (2) the property deed or long-term lease in the name of the applicant.
(c)Conditions. In addition to any other condition required or imposed by law or rule, the following conditions apply to every grant: (1) The grant pays for specific work items; (2) Work cannot begin until: (i) LPC Staff and the grant recipient sign a contract; (ii) Re-sale and insurance clauses of the contract have been satisfied; (iii) LPC issues approval(s) for the work; and (iv) LPC Staff notifies the contractor that work can begin; (3) Except under unusual circumstances, at least three (3) competitive bids must be obtained for proposed work; bids will be solicited by the LPC Staff and work must be approved by the Commission before funds are disbursed to the contractor; (4) Depending on the scope of work, the property may be inspected for the presence of lead-based paint. If lead-based paint hazards are found, the grant recipient will be responsible for the remediation of those hazards pursuant to City and/or Federal law; (5) Preference is given to extremely low-, low-, and moderate-income owners that use other funds along with the grant to restore the facade of their building; (6) Grantees cannot have unpaid real estate taxes or water or sewer charges; and (7) If there are Landmarks Preservation Commission or Department of Buildings violations on an otherwise eligible property, the presence of such violations, the nature of the violations and any plans to address the violations, will be considered.
(8)Occupancy requirement/resale restriction: (i) The grant recipient must continuously occupy at least one Unit on the property that is the subject of the grant as his or her primary residence, for a period of five (5) years from the date of final payment to the contractor for the work performed pursuant to the grant.
(ii)If the grant recipient transfers the property within such five-year period, the grant recipient must return to the Landmarks Preservation Commission the grant on a pro-rated basis as follows: one hundred (100) percent of the grant if the property is transferred during the first year after final payment; eighty (80) percent if transferred during the second year; sixty (60) percent if transferred during the third year; forty (40) percent if transferred during the fourth year; and twenty (20) percent if transferred during the fifth year after the final payment. (Added City Record 12/20/2018, eff. 1/19/2019)
