N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1627-2.10

Current through Register Vol. 46, No. 50, December 11, 2024

Section 1627-2.10 - Quarterly review procedure

(a) Authorities which have adopted interim rent adjustment policy are required to conduct quarterly reviews of income for all tenants with nonfixed employment, for all unemployed tenants, and for any other tenants whose incomes are of an irregular nature. In addition, such authorities may conduct quarterly income reviews for all or any per cent of other tenants, as considered necessary, whose incomes are of a regular nature.

(b) The procedure for quarterly reviews is same as for annual re-examination except that verification of tenants statements is not required unless a rent decrease is indicated. In case where rent decrease is indicated, verification shall be made before decrease takes effect. (See Verification of income, § 1627-2.8.)

(c) Any rent change resulting from quarterly reviews will be made as of effective date of rent change (see definition, § 1627-2.3).

N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1627-2.10