Section 143-04 - Applicability of the Mandatory Inclusionary Housing Program
For the purposes of applying the Mandatory Inclusionary Housing Program provisions set forth in Section 27-10 (ADMINISTRATION OF AFFORDABLE HOUSING), Mandatory Inclusionary Housing areas within the Special SoHo-NoHo Mixed Use District are shown on the maps in APPENDIX F of this Resolution. Such provisions are modified as follows:
Conversions from joint living-work quarters for artists to residences , as set forth in Section 143-12 (Joint Living-Work Quarters for Artists), shall not be subject to the provisions of paragraph (a)(1) of Section 27-131 (Mandatory Inclusionary Housing). The provisions of paragraph (a)(4)(i) of Section 27-131 shall apply: in M1 Districts paired with R7D Districts, to developments or enlargements on zoning lots existing on December 15, 2021, on which the maximum permitted residential floor area , less floor area equivalent to a floor area ratio of 0.6, does not exceed 12,500 square feet; and in all other districts, to developments or enlargements on zoning lots existing on December 15, 2021, on which the maximum permitted residential floor area , less the lot area , does not exceed 12,500 square feet. For conversions in buildings existing prior to December 15, 2021, that are not otherwise subject to paragraph (a)(3)(v) of Section 27-131 , the Board of Standards and Appeals may permit a contribution to the affordable housing fund , pursuant to the provisions of Section 73-624 (Modification of Affordable Housing Fund payment options in the SoHo NoHo Mixed Use District).