§ 26-602.1 Exemption for real property formerly subject to article II of the private housing finance law.
AC § 26-602.1
An eligible head of the household may obtain a rent increase exemption order for/tax abatement certificate pertaining to taxes of the city imposed on real property formerly subject to the provisions of article II of the private housing finance law prior to December fifteenth, two thousand twenty-two containing dwelling units that are subject to a regulatory agreement in which the qualifying head of household or their qualifying successor in interest (a) has a signed agreement with the landlord to limit increases in maximum rent for the lifetime of the tenancy to an amount established by the rent guidelines board in its annual guidelines for rent adjustments for housing accommodations subject to the emergency tenant protection act of nineteen seventy-four or this code or to another amount provided for in such regulatory agreement; and (b) is otherwise eligible for such rent increase exemption/tax abatement. The effective date of a rent increase exemption order/tax abatement certificate shall be May thirty-first, two thousand twenty-two for any applicant found eligible during a determination period as prescribed by the state legislature in connection with such eligibility. (L.L. 2023/109, 7/23/2023, retro. eff. 12/15/2022) Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 2023/109.
