RPTL Section 421-a Replacement Ratio Proposed Rule Amendment

Proposed Rules: Closed to Comments

Comment By: 
Tuesday, July 24, 2018

HPD’s proposed rule would exempt motels and tourist cabins from the Real Property Tax Law Section 421a(16) replacement ratio requirement so that 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.

Public Hearing

Real Property Tax Law Section 421-a(16) Replacement Ratio Requirement

Public Hearing Date: 
Tuesday, July 24, 2018 -
11:00am to 12:30pm

Meilan Chiu, Director of Operations and Policy Analysis, 100 Gold Street, Room 9Z-2, New York, New York 10038

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