N.Y.C. Admin. Code § 26-3702: § 26-3702 Creation of homeownership opportunity units.*

a. During the 5 year period beginning July 1, 2026 and ending June 30, 2031, and for every 5 year period thereafter, the department shall execute agreements to create a number of homeownership opportunity units that is greater than or equal to 4 percent of the number of new construction units that the department executes agreements to create during the same 5 year period.

b. No more than 60 percent of the homeownership opportunity units for which agreements are required to be executed pursuant to subdivision a of this section shall be down payment assistance units.

(L.L. 2026/057, 1/29/2026, eff. 1/29/2026)