HPD’s rule amendment adds an additional ground for waiver of the distribution requirements for the former 421-a program based upon a story containing a single dwelling unit This same additional ground for waiver already is available in the Affordable New York Housing Program for new 421-a benefits and HPD wants to clarify that the waiver is available for eligible buildings receiving benefits under either program.
Department of Housing Preservation and Development
Comment By:
Tuesday, March 13, 2018
Proposed Rules Content:
HPD’s proposed rule amendment adds an additional ground for waiver of the distribution requirements for the former 421-a program based upon a story containing a single dwelling unit This same additional ground for waiver already is available in the Affordable New York Housing Program for new 421-a benefits and HPD wants to clarify that the waiver is available for eligible buildings receiving benefits under either program.
HPD’s adopted rules implementing the Affordable New York Housing Program included an additional ground for waiver of the distribution requirements based upon a story containing a single dwelling unit. HPD is now proposing to amend the distribution requirements adopted for the former 421-a program to reflect this same additional ground for waiver and to clarify that the waiver is available for eligible buildings receiving benefits under either program.