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What is NYC AC § 26-2803?

Quick Answer

This section mandates the department to submit an annual report by September 30 each year detailing housing development and preservation projects that received city financial assistance. The report includes data on units subject to income restrictions and those set aside for homeless individuals. Applies to housing developers and preservation project operators.

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

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§ 26-2803 Report.

AC § 26-2803

By no later than September 30, 2021, and by September 30 in each year thereafter, the department shall submit to the mayor and the speaker of the council a report specifying the following data: a. For each housing development project that received city financial assistance in the preceding fiscal year, (i) the number of dwelling units offered for rent that are subject to a regulatory agreement requiring that occupancy of such units be restricted based on the income of the occupants, (ii) the number of such units set aside for homeless individuals and families and (iii) whether such housing development project is a supportive housing project; and b. For each housing preservation project that received city financial assistance in the preceding fiscal year, (i) the number of dwelling units offered for rent that are subject to a regulatory agreement requiring that occupancy of such units be restricted based on the income of the occupants, (ii) the number of such units set aside for homeless individuals and families and (iii) whether such housing preservation project is a supportive housing project. (L.L. 2020/019, 1/19/2020, eff. 7/1/2020)

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