Establishes ground rent rebates for eligible homeowners and renters in the Battery Park project area.

This bill amends the public authorities law to establish a ground rent rebate program for eligible homeowners and renters in the Battery Park project area. It defines "eligible homeowner" as someone who owns a residence in the area and occupies it as their primary residence, with an annual household income not exceeding 150% of the area median income. "Eligible renter" is defined as someone whose primary residence is in the area and is designated a quasi-rent stabilized unit or has restrictions on annual rent increases.

Establishes ground rent rebates for eligible homeowners and renters in the Battery Park project area.

This bill amends the public authorities law to establish a ground rent rebate program for eligible homeowners and renters in the Battery Park project area. It defines "eligible homeowner" as someone who owns a residence in the area and occupies it as their primary residence, with an annual household income not exceeding 150% of the area median income. "Eligible renter" is defined as someone whose primary residence is in the area and is designated a quasi-rent stabilized unit or has restrictions on annual rent increases.