Proposed Rule Amendment Updating MIH Affordable Housing Fund Contribution Schedule

Proposed Rules: Open to Comments

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Agency:
Comment By: 
Thursday, June 18, 2020

HPD’s rule amendment updates the MIH Affordable Housing Fund contribution schedule for the coming fiscal year (July 1, 2020 through June 30, 2021). In addition to changes in the contribution amounts, the rule amendment moves Manhattan Community District 10 and Brooklyn Community District 8 from Fee Tier 3 to Fee Tier 2 and Brooklyn Community District 4 from Fee Tier 3 to Fee Tier 5, in order to reflect changes in the relative market characteristics of those Community Districts.

Public Hearing
Subject: 

HPD has determined, pursuant to New York City Charter section 1043(e), that a public hearing on the proposed rule would serve no public purpose.

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