FY2019 Update to MIH Affordable Housing Fund contribution schedule

Adopted Rules: Closed to Comments

Agency:
Effective Date: 
Friday, June 29, 2018

HPD’s rule amendment updates the MIH Affordable Housing Fund contribution schedule for the coming fiscal year (July 1, 2018 through June 30, 2019). In addition to changes in the contribution amounts, the rule amendment moves Queens Community District 6, which includes Forest Hills and Rego Park, from Fee Tier 3 to Fee Tier 4, in order to reflect changes in the relative market characteristics of that Community District.