25-253 Other Government-Assisted Dwelling Units

In the districts indicated, for government-assisted dwelling units, other than income-restricted housing units, in developments for which the Department of Housing Preservation and Development or the Housing Development Corporation has issued a negotiation letter on or before August 31, 2016, acknowledging that HPD or HDC is actively engaged with a project sponsor in reviewing financial pro formas with the intention to finance the project, and which receive New York City or New York State assistance to reduce total development cost by $10,000 or 10 percent, whichever is less, and limit maximum tenant income to the income limits established by the United States Department of Housing and Urban Development for New York City mortgagors assisted under Section 235 of the National Housing Act, as amended, accessory off-street parking spaces shall be provided for at least the percentage of the total number of government-assisted dwelling units set forth in the table in this Section.