Authorizes a tax abatement for alterations and improvements to multiple dwellings to preserve habitability in affordable housing.

New York A10549 amends the real property tax law to authorize a tax abatement for alterations and improvements to multiple dwellings, specifically class A multiple dwellings, for purposes of preserving habitability in affordable housing. The bill defines terms such as "affordable rent," "affordable rental unit," and "eligible building." It outlines the application process for a certificate of eligibility and reasonable cost, including required documentation and fees.

Authorizes a tax abatement for alterations and improvements to multiple dwellings to preserve habitability in affordable housing.

New York A10549 amends the real property tax law to authorize a tax abatement for alterations and improvements to multiple dwellings, specifically class A multiple dwellings, for purposes of preserving habitability in affordable housing. The bill defines terms such as "affordable rent," "affordable rental unit," and "eligible building." It outlines the application process for a certificate of eligibility and reasonable cost, including required documentation and fees.