§ 13-04 Methodology to Calculate the Total Number of New Affordable Dwelling Units in a Community District.
RCNY § 13-04
(a)The methodology to calculate the total number of new affordable dwelling units in a community district pursuant to subdivision a of Section 197-f of the Charter is set forth in this section.
(b)The total number of new affordable dwelling units in a community district shall consist only of the total number of Affordable Dwelling Units in Affordable Housing Buildings that have achieved both of the following milestones by the end of the applicable Five-Year Cycle, provided at least one such milestone is achieved during such Five-Year Cycle: (i) a Start Date as publicly reported by the department of housing preservation and development at the time the director of city planning shall determine the list of twelve community districts pursuant to subdivision a of Section 197-f of the Charter; and (ii) a permit for construction work issued by the department of buildings as identified by public records of the department of buildings at the time the director of city planning shall determine the list of twelve community districts pursuant to subdivision a of Section 197-f of the Charter.
(c)The total number of new affordable dwelling units shall not include Affordable Dwelling Units in an existing residential building subject to a preservation program where the owner of such building receives financial assistance for rehabilitation or operating expenses in exchange for affordability for existing and future occupants. (Added City Record 4/20/2026, eff. 5/20/2026)
