New York A03072 requires affordable housing units under the Affordable New York Housing Program to be subject to rent stabilization after the tax.

New York A03072 amends the real property tax law to require affordable housing units that are subject to the provisions of the Affordable New York Housing Program to be subject to rent stabilization at the end of the tax abatement and extended affordability period. Additionally, it provides that units subject to tax exemptions or abatements pursuant to other laws will be subject to rent stabilization at the expiration of such tax exemptions or abatements. This act takes effect immediately.

New York A03072 requires affordable housing units under the Affordable New York Housing Program to be subject to rent stabilization after the tax.

New York A03072 amends the real property tax law to require affordable housing units that are subject to the provisions of the Affordable New York Housing Program to be subject to rent stabilization at the end of the tax abatement and extended affordability period. Additionally, it provides that units subject to tax exemptions or abatements pursuant to other laws will be subject to rent stabilization at the expiration of such tax exemptions or abatements. This act takes effect immediately.