421-a(16) Replacement Ratio Rule Amendment

Adopted Rules: Closed to Comments

Agency:

Department of Housing Preservation and Development

Effective Date:

Wednesday, September 12, 2018

Keywords:

motel
tourist cabin
replacement ratio

Download Copy of Adopted Rule (.pdf):

replacement_ratio_rule_amendment_proposed_final_published_in_city_record_on_8-13-18.pdf

HPD’s rule exempts motels and tourist cabins from the replacement ratio requirement. Thus, if there was a motel or tourist cabin on the eligible site three years prior to the commencement date, the motel rooms or tourist cabins that were demolished, removed or reconfigured would not each have to be replaced with an affordable housing unit.

Proposed Rule:

RPTL Section 421-a Replacement Ratio Proposed Rule Amendment