01Int 0958-2024INT 0958-2024Laid over
A Local Law to amend the administrative code of the city of New York, in relation to the creation of affordable homeownership opportunities
Held a hearing on Speaker Adrienne Adams's bill to expand affordable homeownership, which would require HPD to roughly double its current rate of new affordable-homeownership construction.
Mandatory inclusionary housing
avg 80% AMI
Conditions
- HPD's standard rules of thumb for converting LIHTC rentals to homeownership: at least 80% of tenants interested, at least 80% in good standing on rent, and at least 80% having attended (counseling).