Int 0610-2003
Tax exemptions for city-supervised mitchell-lama developments.
IntroductionFiledCommittee on Housing and Buildingsintroduced 2003-11-19
Filed — closed without being enacted.
Official record · Legistar
Agenda: 2003-11-19Passed: 2003-12-31
Committee on Housing and Buildings — Department of Housing Preservation and Development, Department of Buildings and rent regulation.
How it compares
34% of similar bills passed
17 passed · 33 died
This bill: 42 days in committee
Similar bills: median 389 days · 178 days when passed
Compared against 50 Introduction bills in Committee on Housing and Buildings.
Ranked by how closely each matches this bill's topic — closest first:
Int 0038-2004
Tax exemptions for city-supervised mitchell-lama developments.
696dFiled
Int 0036-2004
Requiring quarterly reports of the termination date of the tax exemption for each city-supervised mitchell-lama development.
696dFiled
Int 0267-2006
Requiring quarterly reports of the termination date of the tax exemption for each city-supervised mitchell-lama development.
1345dFiled
Int 0591-2003
Requiring quarterly reports of the termination date of the tax exemption for each city-supervised mitchell-lama development.
67dFiled
Int 0458-1998
Tax Exemption, Certain Multiple Dwellings
393dEnacted
Int 0005-2004
Withdrawal of city-supervised mitchell lama developments from the mitchell-lama program.
696dFiled
+ 44 more comparable bills
Sponsors (24)
Tracy L. Boyland
Margarita Lopez
Hiram Monserrate
Lifecycle
IntroducedIntroduced by Council
2003-11-19 · City Council
ActionReferred to Comm by Council
2003-11-19 · City Council
ClosedFiled (End of Session)
2003-12-31 · City Council
Heard at (1)
City Council · 2003-11-19 · 1:30 PM · Council Chambers - City Hall
Full text
Be it enacted by the Council as follows:
Section 1. Title 11 of the administrative code of the city of New York is hereby amended by adding a new section 11-269 to read as follows:
�11-269. Notwithstanding any other provision of law or prior governmental determination to the contrary, where a housing development owned by a limited-profit housing company organized under article II of the private housing finance law is receiving a real property tax exemption from the city, such tax exemption shall operate and continue for so long as the mortgage loans of the company, including any additional mortgage loan the proceeds of which are used primarily for the residential portion of the project, which additional loan has been approved by the state or by an agency of the city, are outstanding.
�2. This local law shall take effect immediately upon its enactment into law.
LS 2753
11/12/03
AIS