In relation to the establishment of an affordable housing fund and the administrative code of the city of New York, in relation to benefits pursuant to section …
NYC L.L. 2006/058
in effectL.L. 2006/058
Enactment date: 12/28/2006
Int. No. 486-A
By the Speaker (Council Member Quinn) and Council Members Dilan, Rivera, Comrie, Dickens, Oddo, Addabbo Jr., Arroyo, Baez, Felder, Gallagher, Garodnick, Gennaro, Gioia, Jackson, Katz, Koppell, Lappin, Liu, Martinez, McMahon, Recchia Jr., Sears, Seabrook, Vacca, Vallone Jr., Weprin, White Jr., Stewart and The Public Advocate (Ms. Gotbaum)
A Local Law to amend the New York city charter, in relation to the establishment of an affordable housing fund and the administrative code of the city of New York, in relation to benefits pursuant to section four hundred twenty-one-a of the real property tax law.
Be it enacted by the Council as follows:
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[Consolidated provisions are not included in this Appendix A]
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§ 10. Notwithstanding any provision of this local law, an agreement with the department of housing preservation and development entered into prior to the effective date of this local law to create or substantially rehabilitate offsite housing units affordable to households of low and moderate income, shall remain in full force and effect, and the housing units developed pursuant to such agreement shall continue to make a building or buildings located in the areas described in subdivision a of section 11-245 of the administrative code of the city of New York eligible to receive benefits pursuant to section four hundred twenty-one-a of the real property tax law on or after the effective date of this local law.
§ 11. A project shall not be subject to the provisions of this local law if (1) on or before december thirty-first two thousand six, such project received special permits pursuant to the New York city zoning resolution with respect to all buildings to be constructed on the development site, and (2) on december thirty-first two thousand six, a portion of such development site was owned by the state of New York and contained a New York power authority temporary generating facility, and (3) such project commenced construction before the later of three years from the effective date of this local law or eighteen months from the removal of all such temporary generating facilities.
§ 12. This local law shall take effect one year after enactment, provided that the commissioner of housing preservation and development shall take such actions as are necessary for its implementation prior to such effective date and further provided, that sections one through eight of this local law shall expire four years after their enactment.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-207904Fetched: 10/25/2026