Establishes a ground rent rebate program for eligible homeowners and renters in the Battery Park project area.
The bill amends the public authorities law to establish a ground rent rebate program for eligible homeowners and renters in the Battery Park project area. Eligible homeowners must occupy their residence as their primary residence and have an annual household income not exceeding 150% of the area median income. Eligible renters must have a primary residence in the Battery Park project area and be in a quasi-rent stabilized unit or have restrictions on annual rent increases.
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