Auditing buildings for compliance with the affordability requirements of the 421-a tax exemption program.

A Local Law to amend the administrative code of the city of New York, in relation to auditing buildings for compliance with the affordability requirements of the 421-a tax exemption program

This bill would require the Department of Housing Preservation and Development to audit buildings receiving benefits under the 421-a tax exemption program to ensure that such buildings are complying with the applicable affordability requirements.