{"data":{"id":"us-nyc/n.y.c.-admin.-code-26-3702","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 26-3702","heading":"§ 26-3702 Creation of homeownership opportunity units.*","body":"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.\n\nb. 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.\n\n(L.L. 2026/057, 1/29/2026, eff. 1/29/2026)","path":["New York City Administrative Code","Title 26","Chapter 37: Creation of Homeownership Opportunity Units*"],"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":"e7597212bca2edb3ca4eeba8d0d966d1c8c20a1420ce9cd76ddd2a506257a0fb","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-26-3701","next":"us-nyc/n.y.c.-admin.-code-26-3701--2"},"notice":"GroundRules: Original legal text. Not legal advice."}