{"data":{"id":"us-nyc/n.y.c.-admin.-code-26-1501","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 26-1501","heading":"§ 26-1501 Definitions.","body":"For the purposes of this chapter:\n\nAffordability requirement. The term \"affordability requirement\" means any requirement that one or more dwelling units within a building receiving benefits under section 421-a of the real property tax law be occupied by or available for occupancy by individuals or families whose incomes at the time of initial occupancy do not exceed the applicable percentage under such law of the area median income for the primary metropolitan statistical area as determined by the United States department of housing and urban development or its successors from time to time for a family of four, as adjusted for family size.\n\nDepartment. The term \"department\" means the department of housing preservation and development.\n\n(L.L. 2017/193, 10/16/2017, eff. 10/16/2018)","path":["New York City Administrative Code","Title 26","Chapter 15: Audits for Compliance with 421-a Tax Exemption Affordability Requirements"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"7734c4d77793d4b7e866d3bc5b5daa7a80af2ffaf65438443de9b0fba26c142f","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-26-1301--2","next":"us-nyc/n.y.c.-admin.-code-26-1502"},"notice":"GroundRules: Original legal text. Not legal advice."}