Proposed Rule Amendments Governing Rents for RPTL 421-a Affordable Units in Multiple Dwellings Subject to Housing Assistance Payments Contracts

Proposed Rules: Closed to Comments

Comment By: 
Monday, April 3, 2017

HPD’s proposed rule amendment would, under very limited circumstances, allow new multiple dwellings that have a project-based Section 8 contract for subsidies from the United States Department of Housing and Urban Development (“HUD”) that would cover the difference between the tenant’s payment (30% of such tenant’s income) and 120% of HUD Contract Rents to register 120% of HUD Contract Rents as the State Division of Housing and Community Renewal legal regulated rent, which would be above the current cap of 30% of the applicable AMI.

Public Hearing

RPTL 421-a Affordable Units Rent Registration Rules Amendments

Public Hearing Date: 
Monday, April 3, 2017 -
11:00am to 12:30pm

No contact

100 Gold Street Room 9-P10, 9th Floor
New York, NY 10038