N.Y. Comp. Codes R. & Regs. tit. 21 § 508.6

Current through Register Vol. 46, No. 51, December 18, 2024

Section 508.6 - Program incentives

(a) Subject to the availability of funds, program incentives shall be paid to owners for qualified occupied square footage, as follows:

Program Incentive by Number of Dwelling Units

Number of Dwelling Units	Program Incentive/Qualified Occupied Sq. Ft.	Maximum Program Incentive
1	$3.75/sq. ft.	$5,125
2	$3.75/sq. ft.	$6,125
3	$3.75/sq. ft.	$7,125
4	$3.75/sq. ft.	$8,125
5	$3.75/sq. ft.	$8,875
6	$3.75/sq. ft.	$9,625
7	$3.75/sq. ft.	$10,375
8	$3.75/sq. ft.	$11,125
9	$3.75/sq. ft.	$11,875
10	$3.75/sq. ft.	$12,625
11	$3.75/sq. ft.	$13,375

(b) No owner shall receive more than $120,000 in program incentive payments during any calendar year.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 508.6