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What is NYC AC § 26-1703?

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This section mandates the department to publish an annual report on contributions to and expenditures from the affordable housing fund, including detailed information indexed by borough and community district. The report covers contributions related to zoning lots, affecting building owners contributing to the fund.

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§ 26-1703 Reporting on affordable housing fund.

AC § 26-1703

On or before September 30, 2018, and annually thereafter, the department shall publish on the department's website a report on contributions to and expenditures from the affordable housing fund. The information in such report shall be indexed by borough and community district and shall include the total amount of money in such fund available for exclusive use in each community district and for use in each borough without regard to community district. Such report shall include, at a minimum, the following information about each zoning lot for which a contribution is made to such fund: (i) the name of the owner of such lot; (ii) the address, block and lot number; (iii) the total number of dwelling units located at such lot; (iv) the amount of affordable floor area that would otherwise be required at such lot in lieu of such contribution pursuant to section 23-154 of the New York city zoning resolution; and (v) the total amount of contributions made in connection with such lot. (L.L. 2017/212, 11/17/2017, eff. 11/17/2017)

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