Section 421-A. Exemption of new multiple dwellings from local taxation

1.
  The following terms, whenever used or referred to in this section, shall
  have the following meaning, unless a different meaning  clearly  appears
  in the context.
    a.  "Adjusted Monthly Rent." The rent payable per month as provided in
  the first effective lease or occupancy agreement upon initial  occupancy
  of  a  rental  dwelling  unit  of a multiple dwelling after construction
  aided by exemption under this section less the cost of providing parking
  facilities and electricity, gas, cooking fuel and other utilities  other
  than heat and hot water to occupants of such dwelling units.
    b.  "Floor  area."  The  horizontal areas of the several floors or any
  portion thereof of a dwelling or dwellings and accessory structures on a
  lot measured from the exterior faces  of  exterior  walls  or  from  the
  center line of party walls.
    c.  "Multiple  Dwelling."  A  dwelling  which  is to be occupied or is
  occupied as the residence or home  of  three  or  more  families  living
  independently  of  one another, whether such dwelling is rented or owned
  as a cooperative or condominium. A new multiple dwelling  shall  include
  new  residential  construction and the concurrent conversion, alteration
  or improvement of a pre-existing building or structure provided that (i)
  for all tax lots  now  existing  or  hereafter  created,  no  more  than
  forty-nine  percent of the floor area (as defined in paragraph b of this
  subdivision) of the  multiple  dwelling  consists  of  the  pre-existing
  building  or structure that was converted, altered or improved, and (ii)
  for tax lots in the city of New York now existing or  hereafter  created
  within  the  following  area  in  the  borough  of  Manhattan,  the  new
  residential construction and/or the concurrent conversion, alteration or
  improvement of the pre-existing building or  structure  is  aided  by  a
  grant,  loan  or  subsidy  from  any  federal,  state or local agency or
  instrumentality: beginning at the  intersection  of  the  United  States
  pierhead line in the Hudson river and the center line of Chambers street
  extended,  thence  easterly  to  the  center line of Chambers street and
  continuing along the center line of Chambers street to the  center  line
  of  Centre  street,  thence  southerly  along  the center line of Centre
  street to the center line of the Brooklyn Bridge to the intersection  of
  the  Brooklyn  Bridge  and  the  United States pierhead line in the East
  river, thence northerly along the United States  pierhead  line  in  the
  East  river  and  the  center line of one hundred tenth street extended,
  thence westerly to the center line  of  one  hundred  tenth  street  and
  continuing  along  the  center  line  of one hundred tenth street to its
  westerly terminus, thence westerly to the  intersection  of  the  center
  line of one hundred tenth street extended and the United States pierhead
  line  in  the  Hudson  river,  thence  southerly along the United States
  pierhead line in the Hudson river to the point of beginning.
    d. "Room Count." Two and one-half rooms for each  dwelling  unit  plus
  one  room  for  each  bedroom  plus  one  room  for each additional room
  separated by either walls or doors plus one-half  room  for  a  balcony,
  provided  that  kitchens, bathrooms or corridors shall not count as such
  additional rooms.
    2. (a) (i) Within a city having a population of one million  or  more,
  new multiple dwellings, except hotels, shall be exempt from taxation for
  local  purposes,  other than assessments for local improvements, for the
  tax year or years immediately following taxable status  dates  occurring
  subsequent   to   the  commencement  and  prior  to  the  completion  of
  construction, but not to exceed three such tax years, and shall continue
  to be exempt from such taxation in tax years immediately  following  the
  taxable  status  date  first  occurring  after  the  expiration  of  the
  exemption herein conferred during construction so long as  used  at  the

  completion  of  construction  for  dwelling purposes for a period not to
  exceed ten  years  in  the  aggregate  after  the  taxable  status  date
  immediately following the completion thereof, as follows:
    (A)  except as otherwise provided herein there shall be full exemption
  from taxation during the period of construction or the period  of  three
  years  immediately  following  commencement  of  construction, whichever
  expires sooner, and for two years following such period;
    (B) followed by two years of exemption from eighty per  cent  of  such
  taxation;
    (C)  followed  by  two  years of exemption from sixty per cent of such
  taxation;
    (D) followed by two years of exemption from forty  per  cent  of  such
  taxation;
    (E)  followed  by  two years of exemption from twenty per cent of such
  taxation;
    The following table  shall  illustrate  the  computation  of  the  tax
  exemption:
 
                 CONSTRUCTION OF CERTAIN MULTIPLE DWELLINGS
 
                                                    Exemption
  During Construction (maximum three years)         100%
  Following completion of work
  Year:
 
   1                                                100%
   2                                                100
   3                                                 80
   4                                                 80
   5                                                 60
   6                                                 60
   7                                                 40
   8                                                 40
   9                                                 20
  10                                                 20
 
    (ii)  (A) Within a city having a population of one million or more the
  local housing agency may adopt  rules  and  regulations  providing  that
  except  in  areas  excluded  by local law new multiple dwellings, except
  hotels, shall be exempt from taxation for  local  purposes,  other  than
  assessments   for   local  improvements,  for  the  tax  year  or  years
  immediately following taxable status dates occurring subsequent  to  the
  commencement  and  prior  to  the completion of construction, but not to
  exceed three such tax years, and shall continue to be exempt  from  such
  taxation  in  tax  years  immediately  following the taxable status date
  first occurring after the expiration of the exemption  herein  conferred
  during   such  construction  so  long  as  used  at  the  completion  of
  construction for dwelling purposes for a period not  to  exceed  fifteen
  years in the aggregate, as follows:
    a.  except  as otherwise provided herein there shall be full exemption
  from taxation during the period of construction or the period  of  three
  years  immediately  following  commencement  of  construction, whichever
  expires sooner, and for eleven years following such period;
    b. followed by one year of  exemption  from  eighty  percent  of  such
  taxation;
    c.  followed  by  one  year  of  exemption  from sixty percent of such
  taxation;

    d. followed by one year  of  exemption  from  forty  percent  of  such
  taxation;
    e.  followed  by  one  year  of  exemption from twenty percent of such
  taxation.
    (B) The benefits of this subparagraph shall not be available in  areas
  made  ineligible for the benefits of this section by a local law enacted
  pursuant  to  paragraph  (i)  of  subdivision  two  of   this   section,
  notwithstanding  any exceptions to ineligibility contained in such local
  law for certain types of projects in such areas.
    (C) Unless excluded by local law, in the city of New York the benefits
  of this subparagraph shall be available in the borough of Manhattan  for
  tax  lots  now  existing  or  hereafter  created south of or adjacent to
  either side of one hundred tenth street only if:
    a. the construction is carried out with the substantial assistance  of
  grants,  loans  or  subsidies from any federal, state or local agency or
  instrumentality, or
    b. the local housing agency has imposed a requirement or has certified
  that twenty percent of the units be affordable to families  of  low  and
  moderate income.
    The following table shall illustrate the computation of the exemption:
 
                           CONSTRUCTION OF CERTAIN
                             MULTIPLE DWELLINGS
 
                                                    Exemption
  During Construction (maximum three years)         100%
  Following completion of work
  Year:
   1 through 11                                     100%
  12                                                 80
  13                                                 60
  14                                                 40
  15                                                 20
 
    (iii) (A) Within a city having a population of one million or more the
  local  housing agency may adopt rules and regulations providing that new
  multiple dwellings, except hotels, shall be  exempt  from  taxation  for
  local  purposes,  other than assessments for local improvements, for the
  tax year or years immediately following taxable status  dates  occurring
  subsequent   to   the  commencement  and  prior  to  the  completion  of
  construction, but not to exceed three such tax years, and shall continue
  to be exempt from such taxation in tax years immediately  following  the
  taxable  status  date  first  occurring  after  the  expiration  of  the
  exemption herein conferred during such construction so long as  used  at
  the completion of construction for dwelling purposes for a period not to
  exceed  twenty-five  years  in  the aggregate, provided that the area in
  which the project is situated is  a  neighborhood  preservation  program
  area  as  determined  by  the  local  housing  agency  as of June first,
  nineteen hundred eighty-five, or is a neighborhood preservation area  as
  determined  by  the  New York city planning commission as of June first,
  nineteen hundred eighty-five, or  is  an  area  that  was  eligible  for
  mortgage  insurance  provided  by  the rehabilitation mortgage insurance
  corporation as of May first, nineteen hundred ninety-two or is  an  area
  receiving  funding  for  a neighborhood preservation project pursuant to
  the neighborhood reinvestment corporation act (42 U.S.C. §§180 et  seq.)
  as of June first, nineteen hundred eighty-five, as follows:
    a.  except  as otherwise provided herein there shall be full exemption
  from taxation during the period of construction or the period  of  three

  years  immediately  following  commencement  of  construction, whichever
  expires sooner, and for twenty-one years following such period;
    b.  followed  by  one  year  of  exemption from eighty percent of such
  taxation;
    c. followed by one year  of  exemption  from  sixty  percent  of  such
  taxation;
    d.  followed  by  one  year  of  exemption  from forty percent of such
  taxation;
    e. followed by one year of  exemption  from  twenty  percent  of  such
  taxation.
    (B)  The benefits of this subparagraph shall not be available in areas
  made ineligible for the benefits of this section by a local law  enacted
  pursuant   to   paragraph  (i)  of  subdivision  two  of  this  section,
  notwithstanding any exceptions to ineligibility contained in such  local
  law for certain types of projects.
    (C)  Notwithstanding  the  provisions  of  item  (A)  or  (D)  of this
  subparagraph, in the city of New York the benefits of this  subparagraph
  shall  not  be  available  in  the borough of Manhattan for tax lots now
  existing or hereafter created south of or adjacent to either side of one
  hundred tenth street.
    (D) In addition to being available in the areas described in item  (A)
  of  this  subparagraph,  the  benefits  made  available pursuant to this
  subparagraph shall be available where:
    a. the construction is carried out with the substantial assistance  of
  grants,  loans  or  subsidies from any federal, state or local agency or
  instrumentality, or
    b. the local housing agency has imposed a requirement or has certified
  that twenty percent of the units be affordable to families  of  low  and
  moderate income.
    The following table shall illustrate the computation of the exemption:
 
                           CONSTRUCTION OF CERTAIN
                             MULTIPLE DWELLINGS
 
                                                    Exemption
  During Construction (maximum three years)         100%
  Following completion of work
  Year:
   1 through 21                                     100%
  22                                                 80
  23                                                 60
  24                                                 40
  25                                                 20
 
    (E)  A  new  multiple  dwelling that is situated in (1) a neighborhood
  preservation program area as determined by  the  department  of  housing
  preservation   and  development  as  of  June  first,  nineteen  hundred
  eighty-five, (2) a neighborhood preservation area as determined  by  the
  New  York  city  planning  commission as of June first, nineteen hundred
  eighty-five, (3) an  area  that  was  eligible  for  mortgage  insurance
  provided  by the rehabilitation mortgage insurance corporation as of May
  first, nineteen hundred ninety-two, or (4) an area receiving funding for
  a  neighborhood  preservation  project  pursuant  to  the   neighborhood
  reinvestment  corporation  act  (42  U.S.C.  §§ 8101 et seq.) as of June
  first, nineteen hundred eighty-five,  shall  not  be  eligible  for  the
  benefits available pursuant to this subparagraph unless it complies with
  the provisions of subdivision seven of this section.

    (iv)  (A)  Unless  excluded by local law, in the city of New York, the
  benefits of this subparagraph shall  be  available  in  the  borough  of
  Manhattan  for  new  multiple  dwellings  on  tax  lots  now existing or
  hereafter created south of or adjacent to either  side  of  one  hundred
  tenth  street  which  commence  construction  after July first, nineteen
  hundred ninety-two and before December twenty-eighth, two  thousand  ten
  only if:
    a.  the construction is carried out with the substantial assistance of
  grants, loans or subsidies from any federal, state or  local  agency  or
  instrumentality, or
    b. the local housing agency has imposed a requirement or has certified
  that  twenty  percent of the units are affordable to families of low and
  moderate income.
    (B) Such new multiple dwellings, except hotels, shall be  exempt  from
  taxation   for   local   purposes,  other  than  assessments  for  local
  improvements for the tax year or  years  immediately  following  taxable
  status  dates  occurring subsequent to the commencement and prior to the
  completion of construction, but not to exceed three such tax years,  and
  shall  continue to be exempt from such taxation in tax years immediately
  following the taxable status dates first occurring after the  expiration
  of  the  exemption  herein conferred during such construction so long as
  used at the completion of  construction  for  dwelling  purposes  for  a
  period not to exceed twenty years in the aggregate, as follows:
    a.  except as otherwise provided herein, there shall be full exemption
  from taxation during the period of construction or the period  of  three
  years  immediately  following  commencement  of  construction, whichever
  expires sooner, and for twelve years following such period;
    b. followed by two years of exemption  from  eighty  percent  of  such
  taxation;
    c.  followed  by  two  years  of  exemption from sixty percent of such
  taxation;
    d. followed by two years of  exemption  from  forty  percent  of  such
  taxation;
    e.  followed  by  two  years  of exemption from twenty percent of such
  taxation.
    The following table shall illustrate the computation of the exemption:
 
                           CONSTRUCTION OF CERTAIN
                             MULTIPLE DWELLINGS
 
  During construction (maximum three years)              Exemption 100%
  Following completion of work year:
                    1 through 12                         100%
                      13-14                               80%
                      15-16                               60%
                      17-18                               40%
                      19-20                               20%
 
    (b) In addition to the taxes payable pursuant to the table above,  the
  owner shall pay in each tax year in which such full or partial exemption
  is in effect, real property taxes and assessments as follows:
    (i) real property taxes on the assessed valuation of such land and any
  improvements  thereon  in  effect  during  the  tax  year  preceding the
  commencement of such construction without regard  to  any  exemption  or
  abatement   from   real  property  taxation  in  effect  prior  to  such
  construction which real property taxes shall be calculated  on  the  tax
  rate in effect at the time such taxes are due; and
    (ii) all assessments for local improvements.

    (c)  Such  multiple  dwellings  shall  be  eligible for exemption from
  taxation pursuant to this section only if:
    (i)  exemption  from  taxes  is  not availed of concurrently under any
  other law and that on or after July first, nineteen hundred  seventy-six
  no  preliminary certificate of eligibility or certificate of eligibility
  issued under this section may be rescinded by the local  housing  agency
  to  avail the property of the benefits of tax exemption or tax abatement
  for rehabilitation or new construction under the provisions of any other
  law, but that prior to July  first,  nineteen  hundred  seventy-six  the
  local housing agency may rescind such certificates to avail the property
  of  the  benefits of tax exemption or tax abatement under the provisions
  of any other law;
    (ii) construction is commenced after January first,  nineteen  hundred
  seventy-five   and  before  December  twenty-eighth,  two  thousand  ten
  provided, however, that such commencement  period  shall  not  apply  to
  multiple  dwellings  eligible  for  benefits  under subparagraph (iv) of
  paragraph (a) of this subdivision;
    (iii) in the event that, immediately  prior  to  commencement  of  new
  construction,  such  land  was  improved  with a residential building or
  buildings that have since been substantially  demolished,  and  the  new
  building or buildings contain more than twenty dwelling units, then such
  new  construction  shall  contain  at least five dwelling units for each
  class A dwelling unit in existence immediately prior to  the  demolition
  preceding construction; and
    (iv)  in  the  event  that  a  project contains more than 100 dwelling
  units, at least 15 per cent of the dwelling units contain at least three
  and one-half rooms and at least  10  per  cent  of  the  dwelling  units
  contain  at  least  four  and  one-half rooms, unless a waiver from such
  requirements is granted by the local housing agency based on hardship.
    (d) As of July first, nineteen hundred seventy-five, if the  aggregate
  floor  area  of  commercial,  community facility and accessory use space
  exceeds twelve per cent of the aggregate floor area, as defined  herein,
  of  any  building  granted  tax exemption pursuant to this section on or
  subsequent to July first, nineteen hundred  seventy-one,  tax  exemption
  shall  be  reduced  by  an amount equal to the per cent of the aggregate
  floor area by which the aggregate floor area  of  commercial,  community
  facility  and  accessory  use  space  exceeds  twelve  per  cent  of the
  aggregate floor area of the building provided, however,  that  accessory
  use  space  shall  not  include  accessory parking located not more than
  twenty-three feet above the  curb  level  and  provided,  further,  that
  whenever  a  building containing two or more separately assessed parcels
  of real property has commercial, community facility  and  accessory  use
  space  in  excess  of  such  twelve  percent, the tax arising out of the
  reduction in exemption for such excess space shall  not  be  apportioned
  pro  rata  among  all of the separately assessed parcels in the building
  but shall be applied first to those separately  assessed  parcels  which
  are  unrelated  to  the  residential use of the building; and only after
  such unrelated parcels are fully taxable shall the remainder of such tax
  be apportioned pro rata among the remaining separately assessed  parcels
  and  provided  further, that no such exemption for commercial, community
  facility and accessory use space  shall  be  applicable  prior  to  July
  first, nineteen hundred seventy-five. To be eligible for exemption under
  this   section  such  construction  shall  take  place  on  land  which,
  thirty-six months prior to the commencement of  such  construction,  was
  vacant,   predominantly  vacant,  under-utilized,  or  improved  with  a
  non-conforming  use,  provided  that  if  such  new  multiple   dwelling
  displaces  or  replaces  a  building  or  buildings containing more than
  twenty-five  occupied  dwelling   units   in   existence   on   December

  thirty-first,  nineteen  hundred seventy-four and administered under the
  local emergency housing rent control act, the rent stabilization law  of
  nineteen  hundred  sixty-nine, or the emergency tenant protection act of
  nineteen  seventy-four, such new multiple dwelling shall not be eligible
  in the city of New York unless a certificate of eviction has been issued
  for any of the displaced  or  replaced  units  pursuant  to  the  powers
  granted  by  the  city  rent  and rehabilitation law, and that the sale,
  transfer or utilization of air rights over  residential  buildings  that
  were  not  demolished  shall  not  be  construed  as  a  displacement or
  replacement of the  dwelling  units  contained  within  those  buildings
  within the meaning of this subdivision.
    (e) Any provision of this section to the contrary notwithstanding, the
  following properties shall not be eligible for exemption:
    (i)  any  multiple dwelling located in any geographical area where the
  exemption is eliminated by regulations promulgated by the local  housing
  agency, pursuant to subdivision three of this section, upon a finding by
  the  local  housing  agency  that the need for the tax incentive in such
  area has been significantly reduced, or that an area should be preserved
  for mainly non-residential purposes in accordance with  local  municipal
  policy;  unless  construction actually commenced prior to January first,
  nineteen hundred eighty-two; provided  that  the  local  housing  agency
  shall  not  reduce  or eliminate such exemption with respect to multiple
  dwellings of less than four stories in height, as stories are defined in
  the multiple dwelling law, except in areas to be  preserved  for  mainly
  non-residential  purposes  provided further that no regulation regarding
  such geographical limitation shall eliminate benefits available pursuant
  to this section for construction which is  commenced  within  two  years
  from  the  effective  date  of  such  regulation,  except in areas to be
  preserved for mainly non-residential purposes;
    (ii) any land which is mapped as a  public  park,  provided,  however,
  that  this  exclusion  from eligibility for exemption shall not apply to
  any land which has been mapped as a public park but which, for a  period
  of  ten  years  or  more  after  the  date of such mapping, has not been
  acquired by the state or the city in which such land is located and with
  respect to which land the local department of parks and  recreation  has
  determined  that such land is not required for public park purposes, and
  that such department has no intention of acquiring such land and that no
  funds have been allocated for such purpose;
    (iii) any land which has been utilized for  ten  or  more  consecutive
  years prior to October first, nineteen hundred seventy-one as a "private
  park" as hereinafter defined. A private park is a privately owned zoning
  lot  in  a densely developed area having a minimum size of four thousand
  square feet, free of all developments and containing only trees,  grass,
  benches,   walkways   and   passive  recreational  facilities  including
  structures incidental thereto which has been used and maintained  during
  said period for such passive recreational activity by the general public
  without  charge with the consent and participation of the owner thereof;
  where construction is commenced after  December  thirty-first,  nineteen
  hundred seventy-two, eligibility shall be determined on the basis of the
  condition  of  the  land  on  the first day of October, nineteen hundred
  seventy-one.
    (f)  Notwithstanding  the  provisions  of  any  local  law   for   the
  stabilization  of  rents  in  multiple dwellings or the emergency tenant
  protection act of nineteen seventy-four, the rents of a  unit  shall  be
  fully subject to control under such local law or such act, unless exempt
  under  such  local  law  or  such  act  from  control  by  reason of the
  cooperative or condominium status of the unit,  for  the  entire  period
  during  which  the  property  is receiving tax benefits pursuant to this

  section for the period any such applicable law  or  act  is  in  effect,
  whichever  is  shorter.  Thereafter,  such  rents  shall  continue to be
  subject to such control to the same extent and in the same manner as  if
  this  section had never applied thereto, except that such rents shall be
  decontrolled if:
    (i) with respect to units subject to the provisions of this section on
  the effective date of this subparagraph such a unit becomes vacant after
  the expiration of such  ten  year  period  or  applicable  law  or  act;
  provided,  however,  that such units may be decontrolled pursuant to the
  rent regulation reform act of 1993 and provided further  that  the  rent
  shall  not  be decontrolled for a unit which the commissioner of housing
  and community renewal or a court of competent jurisdiction finds  became
  vacant  because  the landlord or any person acting on his behalf engaged
  in any course of conduct, including but not limited to, interruption  or
  discontinuance  of essential services which interfered with or disturbed
  or was intended to interfere with or disturb the comfort, repose,  peace
  or  quiet  of the tenant in his use or occupancy of such unit, and, that
  upon such finding in addition to being subject to any other penalties or
  remedies permitted by law, the landlord of such  unit  shall  be  barred
  from  collecting  rent  for  such  unit in excess of that charged to the
  tenant who vacated such unit until restoration  of  possession  of  such
  tenant,  if the tenant so desires, in which case the rent of such tenant
  shall be established as if such tenant had not  vacated  such  unit,  or
  compliance  with  such  other remedy, including, but not limited to, all
  remedies provided for by the emergency tenant protection act of nineteen
  seventy-four for rent overcharge or failure to comply with any order  of
  the   commissioner  of  housing  and  community  renewal,  as  shall  be
  determined by the commissioner of housing and community  renewal  to  be
  appropriate;  provided,  however,  that  if a tenant fails to accept any
  such offer of restoration of possession, such unit shall return to  rent
  stabilization at the previously regulated rent; or
    (ii)  with  respect to units which become subject to the provisions of
  this section after the effective date of  this  subparagraph,  such  tax
  benefit period as provided in the opening paragraph of this paragraph or
  applicable  law  or  act  shall  have  expired and either each lease and
  renewal thereof for such unit for the tenant in residence at the time of
  such decontrol has included a notice  in  at  least  twelve  point  type
  informing  such  tenant  that  the  unit  shall  become  subject to such
  decontrol upon the expiration of such tax benefit period as provided  in
  the  opening  paragraph  of  this paragraph or applicable law or act and
  states the approximate date on which such tax benefit period as provided
  in the opening paragraph of this paragraph is scheduled  to  expire;  or
  such  unit  becomes  vacant  as  provided under subparagraph (i) of this
  paragraph.
    (g)  For  purposes  of  this  section  construction  shall  be  deemed
  "commenced" when excavation or alteration has begun in good faith on the
  basis of approved construction plans.
    (h)  Anything  in  this  section to the contrary notwithstanding, with
  regard to a  project  consisting  of  two  or  more  multiple  dwellings
  constructed on a contiguous site and containing an aggregate of not less
  than  one thousand dwelling units, each of such multiple dwellings shall
  be entitled to the exemption set forth herein provided  construction  of
  such  project  be  commenced  before  January  first,  nineteen  hundred
  seventy-eight and completed no later than a date certain  fixed  by  the
  local  housing  agency  not  to  exceed  four  years  from  the  date of
  commencement of construction of such project.
    (i) Authority  of  city  to  enact  local  law.  Except  as  otherwise
  specified  in  this  section, a city to which this section is applicable

  may enact a local law to restrict, limit or condition  the  eligibility,
  scope  or  amount  of  the  benefits  under  this  section in any manner
  provided that such  local  law  may  not  grant  benefits  beyond  those
  provided  in  this  section and provided further that in the city of New
  York such local law shall not take effect sooner than one year after  it
  is  enacted.  Notwithstanding the foregoing, the provisions of any local
  law shall  not  alter  the  effect  of  subdivisions  twelve,  thirteen,
  fourteen,  and  fifteen  of  this section as they apply on the effective
  date of such subdivisions, notwithstanding any subsequent amendments  to
  the provisions of law referred to in such subdivisions.
    3.  Application  forms for exemption under this section shall be filed
  with the assessors between February first and March fifteenth and, based
  on the certification of the local housing agency as herein provided, the
  assessors shall certify to the collecting officer the amount of taxes to
  be abated. If there be in a city of one million  population  or  more  a
  department  of  housing  preservation and development, the term "housing
  agency" shall mean only such  department  of  housing  preservation  and
  development.  No  such  application  shall  be accepted by the assessors
  unless  accompanied  by  a  certificate  of  the  local  housing  agency
  certifying  the applicant's eligibility pursuant to subdivisions two and
  four of this section. No such  certification  of  eligibility  shall  be
  issued  by  the  local  housing  agency until such agency determines the
  initial adjusted monthly rent to be paid by tenants residing  in  rental
  dwelling   units   contained   within  the  multiple  dwelling  and  the
  comparative adjusted monthly rent that would have to  be  paid  by  such
  tenants if no tax exemption were applicable as provided by this section.
  The initial adjusted monthly rent will be certified by the local housing
  agency  as the first rent for the subject dwelling units. A copy of such
  certification with respect to  such  units  shall  be  attached  by  the
  applicant  to  the  first  effective  lease  or occupancy agreement. The
  initial adjusted monthly rent  shall  reflect  the  full  tax  exemption
  benefits as approved by the agency.
    The  agency shall determine the amount of the initial adjusted monthly
  rent as follows:
    (i) The total project cost shall be determined by adding the following
  items:
    (a) Land acquisition cost or purchase price, if purchased  within  two
  years  prior  to  the  date  on  which  construction  or  alteration  is
  commenced; or land acquisition cost or purchase price  or  an  appraisal
  prepared  by  a  qualified  independent  appraiser,  in  such form as is
  acceptable to the agency, if purchased more than two years prior to such
  date. Land acquisition cost or purchase  price,  where  used,  shall  be
  certified to by an independent certified public accountant;
    (b)   Costs  incurred  in  the  process  of  preparing  the  site  for
  construction, including but not limited to operating losses,  relocation
  expenses,  demolition  expenses  and  carrying charges, such costs to be
  certified by an independent certified public accountant to  a  date  not
  more  than  ninety  days  prior  to  the  filing  of  an application for
  certification of eligibility  and  the  balance  of  such  costs  to  be
  estimated;
    (c) Construction costs for constructing or rehabilitating the multiple
  dwelling as determined by the agency in accordance with subdivision four
  of  this  section,  plus  such  amount,  if any, representing unique and
  special costs as may be allowed by the agency for a particular  multiple
  dwelling;
    (d)  An  allowance  for  estimated  off-site  costs, including but not
  limited to architects, engineers and  legal  fees,  interest  and  taxes

  during  construction,  insurance, title and mortgage fees, as determined
  by the agency in accordance with subdivision four of this section, and
    (e)  such  other amounts as are ordinarily and customarily incurred in
  connection  with  the  construction  or  rehabilitation  of  a  multiple
  dwelling,  as  determined  by  the agency in accordance with subdivision
  four of this section.
    (ii) The total expenses of the multiple dwelling shall  be  determined
  by adding the following items:
    (a)  The amount that the agency determines to be the reasonable annual
  costs for the continuing  maintenance  and  operation  of  the  multiple
  dwelling in accordance with subdivision four of this section;
    (b)  The amount that the agency determines to be an appropriate annual
  provision for vacancies, contingency reserves  and  management  fees  in
  accordance with subdivision four of this section.
    (c)  The  projected  real  property taxes to be levied on the multiple
  dwelling and the land on which it is situated at the time  of  estimated
  initial occupancy;
    (d)  Fourteen  (14) per cent of the total project cost, as hereinabove
  defined, which amount will include all expenses for debt service; and
    (e) Deducting from said  total  the  estimated  annual  income  to  be
  derived  from  any commercial, community facility or accessory use space
  in the building.
    (iii) The total expenses shall be divided by the room count to provide
  the adjusted monthly rent per room per month.
    (iv) The adjusted monthly rent per room per month shall be  multiplied
  by  the  room  count of each rental dwelling unit to provide the initial
  adjusted monthly rent for such  dwelling  unit.  The  agency  may  allow
  adjustments  in  the  initial  adjusted  monthly rent for any particular
  dwelling units provided that the total of the initial  adjusted  monthly
  rents  for all of the rental dwelling units in a multiple dwelling shall
  not exceed the total expenses of such multiple dwelling.
    The agency shall determine the estimated comparative adjusted  monthly
  rent  that  would have to be paid if no tax exemption were applicable as
  provided by this section by adding to the adjusted monthly rent for each
  dwelling unit as  hereinabove  computed  an  amount  equal  to  (a)  the
  difference  between  the  projected  real  property taxes which would be
  levied on the multiple dwelling and the land on which it is situated  at
  the time estimated initial occupancy if no tax abatement were applicable
  as  provided  by  this  section  and  the  projected real property taxes
  hereinabove  utilized  in  connection  with  the  computation  of  total
  expenses;  (b)  divided  by  the  room count of the building as per this
  section; and (c) multiplied by the applicants  approved  room  count  of
  each such dwelling unit.
    The local housing agency may promulgate rules and regulations to carry
  out the provisions of this section, not inconsistent with the provisions
  hereof, and may require a reasonable filing fee in an amount provided by
  such rules and regulations.
    4.  a.  After  a  public  hearing  the housing agency shall promulgate
  annually to take effect as of January first of  each  year  the  amounts
  that  it  determines to be the reasonable amounts in such categories and
  classifications as may be established by the housing  agency,  for  such
  items  as  are generally applicable to all developments and are required
  to be determined pursuant to subdivision three of  this  section,  which
  amounts  shall  be  filed  with  the  city  clerk  and  published  in  a
  publication of general circulation in the city or the  city  record,  if
  any, upon adoption by the housing agency.
    b. The local housing agency may require a filing fee not to exceed the
  greater  of (i) four-tenths of one percent of the total project cost, or

  (ii) if the building will be owned  as  a  cooperative  or  condominium,
  four-tenths  of  one percent of the total project cost or four-tenths of
  one percent of the total project  sell-out  price  stated  in  the  last
  amendment  to  the  offering  plan  accepted  for filing by the attorney
  general of the state, at the option of the applicant. Such total project
  cost or total project sell-out price shall  be  determined  pursuant  to
  rules  promulgated  by  the  local  housing  agency. Notwithstanding the
  foregoing, the local housing agency may  promulgate  rules  imposing  an
  additional  fee if an application, or any part thereof, or submission in
  connection therewith, is defective and such defect delays the processing
  of such application  or  causes  the  local  housing  agency  to  expend
  additional resources in the processing of such application.
    c.  The local housing agency may rely on certification by an architect
  or engineer submitted by an applicant in connection with the  filing  of
  an   application   for  benefits  pursuant  to  this  section.  A  false
  certification by such architect  or  engineer  shall  be  deemed  to  be
  professional  misconduct  pursuant to section sixty-five hundred nine of
  the education law. Any licensee found guilty of  such  misconduct  under
  the  procedures  prescribed  in  section  sixty-five  hundred ten of the
  education law shall be subject to the penalties  prescribed  in  section
  sixty-five   hundred  eleven  of  such  law,  and  shall  thereafter  be
  ineligible to submit a certification pursuant to this section.
    5. An applicant for tax exemption under  this  section  whose  project
  contains  more  than  twenty  dwelling  units  shall  notify  the  local
  community planning board for the  area  which  is  the  subject  of  the
  application  within  ten  days  of  submission of the application to the
  local housing agency. The local community planning board  shall  have  a
  forty-five  day period to file objections to the applicant's eligibility
  under subdivision two of this section, or to the applicant's failure  to
  comply  with  the  standards  adopted  by  the agency in accordance with
  subdivision four of this section. The local community board  may  within
  such  time  in  its  own  discretion  hold a public hearing to determine
  whether or not any objections as to eligibility should be filed. In  the
  event the local community board files such objections, the local housing
  agency   shall  make  a  determination  and  notify  such  board  within
  forty-five days. When an applicant's  project  contains  more  than  one
  hundred fifty dwelling units the local community board may within thirty
  days of receipt of an applicant's notification request the local housing
  agency  to  and  the  local  housing  agency shall hold a public hearing
  solely on the questions of the applicant's eligibility under subdivision
  two of this section or  the  applicant's  failure  to  comply  with  the
  standards  adopted  by  the  agency pursuant to subdivision four of this
  section. The local housing agency shall hold this hearing and  make  its
  determination and notify such board within forty-five days.
    6.  (a)  When  used  in  this  subdivision  unless a different meaning
  clearly appears from the context, the following  terms  shall  mean  and
  include:
    (i)   "Covered  project."  (A)  A  new  building  located  within  the
  Greenpoint - Williamsburg waterfront exclusion area,  (B)  two  or  more
  buildings  which are part of one contiguous development entirely located
  within the Greenpoint - Williamsburg waterfront exclusion area, (C)  two
  or more buildings which are located within the Greenpoint - Williamsburg
  waterfront  exclusion  area  and are part of a single development parcel
  specifically  identified  in  section  62-831  of   the   local   zoning
  resolution,  or  (D) where so authorized in writing by the local housing
  agency,  one  or  more  buildings  located  within  the   Greenpoint   -
  Williamsburg waterfront exclusion area and one or more buildings located
  outside  the  Greenpoint  -  Williamsburg  waterfront exclusion area but

  within Community District Number One in the  borough  of  Brooklyn.  The
  cumulative  number  of affordable units located outside the Greenpoint -
  Williamsburg waterfront exclusion area in all covered projects described
  in  clause  (D)  of  this  subparagraph  shall not exceed two hundred. A
  building  located  outside  the  Greenpoint  -  Williamsburg  waterfront
  exclusion  area  which  is part of a covered project described in clause
  (D) of this subparagraph shall not contain  any  affordable  units  with
  respect  to which an application pending before a governmental entity on
  the effective date of this subdivision or a written agreement in  effect
  on  the  effective date of this subdivision provided for the development
  of such affordable units.
    (ii) "Greenpoint - Williamsburg waterfront exclusion  area."  Any  tax
  lots now existing or hereafter created which are located entirely within
  the  geographic area in the borough of Brooklyn bounded and described as
  follows:
    BEGINNING at the intersection of the bulkhead line in the  East  River
  and  South  Fifth Street extended; thence easterly to South Fifth Street
  and continuing along South Fifth Street  to  the  intersection  of  Kent
  Avenue;  thence northerly along Kent Avenue to the intersection of South
  Fourth Street, thence easterly along South Fourth Street to a point  320
  feet from Kent Avenue; thence northerly to a point on South Third Street
  320  feet from Kent Avenue; thence westerly on South Third Street to the
  intersection of Kent Avenue; thence northerly along Kent Avenue  to  the
  intersection  of Grand Street; thence westerly along Grand Street to the
  intersection of River Street; thence northerly along River Street to the
  intersection of North Third Street; thence easterly  along  North  Third
  Street  to  the intersection of Kent Avenue; thence northerly along Kent
  Avenue to the intersection of Franklin Street;  thence  northerly  along
  Franklin  Street  to  the  intersection  of Quay Street; thence westerly
  along Quay Street to the intersection of West Street;  thence  northerly
  along  West  Street to the intersection of Eagle Street; thence easterly
  along Eagle Street  to  the  intersection  of  Franklin  Street;  thence
  northerly  along  Franklin  Street to the intersection of Dupont Street;
  thence westerly along Dupont Street to the  intersection  of  Commercial
  Street;  thence northerly along Commercial Street to the intersection of
  Manhattan  Avenue;  thence  northerly  along  Manhattan  Avenue  to  its
  northerly  terminus;  thence  northerly to the intersection of Manhattan
  Avenue extended and the bulkhead line in Newtown Creek, thence  westerly
  along  the bulkhead line in Newtown Creek and continuing southerly along
  the United States pierhead line in  the  East  River  to  the  place  of
  beginning;  included  in  said  area are all piers and other projections
  from the bulkhead line into the East River or Newtown Creek.
    (b) No  benefits  under  the  provisions  of  this  section  shall  be
  conferred   on   any   covered  project  located  in  the  Greenpoint  -
  Williamsburg waterfront exclusion area unless such project shall provide
  affordable housing for persons and families of low and  moderate  income
  that meets one of the following conditions:
    (i)  not  less than twenty percent of the units in the covered project
  are affordable to and occupied or available for occupancy by individuals
  or families whose incomes at the time of initial occupancy do not exceed
  eighty percent of the area median incomes adjusted for family size; or
    (ii) not less than ten percent of the units in the covered project are
  affordable to and occupied or available for occupancy by individuals  or
  families  whose  incomes  at the time of initial occupancy do not exceed
  eighty percent of the area median incomes adjusted for family  size  and
  not  less than an additional fifteen percent of the units in the covered
  project are affordable to and occupied or  available  for  occupancy  by
  individuals  or  families whose incomes at the time of initial occupancy

  do not exceed one hundred twenty-five percent of the area median incomes
  adjusted for family size.
    (c)  Unless  affordable  units are developed under a federal, state or
  city program having contrary requirements, (i) all affordable units must
  have a comparable number of bedrooms as market rate units and a unit mix
  proportional to the market rate units, or (ii) at least fifty percent of
  the affordable units must have two or more bedrooms  and  no  more  than
  fifty percent of the remaining units can be smaller than one bedroom.
    (d)  Unless  affordable  units  are developed under a federal or state
  program having contrary requirements, residents of the  local  community
  shall  have  priority for the purchase or rental of fifty percent of the
  affordable units.
    (e) In order to ensure that affordable units created pursuant to  this
  subdivision  will  continue to be affordable for the life of the covered
  project, the local housing agency shall  employ  mechanisms,  including,
  but  not  limited  to,  regulatory agreements, deed restrictions, resale
  restrictions, occupancy requirements,  and  such  other  instruments  or
  requirements  as  it  may  deem  necessary,  and  shall  establish legal
  remedies to enforce such mechanisms.
    (f) With respect to any covered project located  entirely  within  the
  Greenpoint  -  Williamsburg waterfront exclusion area, the period of tax
  benefits awarded to any building in such covered project  shall  be  the
  same  as  the  period  of  tax  benefits  awarded  under  clause  (A) of
  subparagraph (iii) of paragraph (a) of subdivision two of this  section.
  With respect to any covered project which includes one or more buildings
  located outside the Greenpoint - Williamsburg waterfront exclusion area,
  the  period  of  tax  benefits  awarded  to any building in such covered
  project that is located within the Greenpoint - Williamsburg  waterfront
  exclusion  area  shall be the same as the period of tax benefits awarded
  under clause (A) of subparagraph (ii) of paragraph  (a)  of  subdivision
  two of this section.
    7. (a) For the purposes of this subdivision:
    (i)  "affordable  units" shall mean units which meet the affordability
  requirements set forth in paragraph (c) of this subdivision.
    (ii) "geographic exclusion areas" shall mean:
    (A) areas described in subdivision eleven of this section,
    (B) in the borough of Manhattan tax lots  now  existing  or  hereafter
  created south of or adjacent to either side of one hundred tenth street,
  and
    (C) areas made ineligible for the benefits of this section:
    (1)  as  set forth in section 11-245 of the administrative code of the
  city  of  New  York  on  the  effective  date   of   this   subdivision,
  notwithstanding  any exceptions to ineligibility contained in such local
  law for certain types of projects in such areas,
    (2) as set forth in local law number fifty-eight of the  city  of  New
  York  for  the  year two thousand six, notwithstanding any exceptions to
  ineligibility contained in such local law for certain types of  projects
  in such areas and notwithstanding the effective date of such law, and
    (3) by local law after the effective date of this subdivision.
    (b)  Notwithstanding any provision of this section or any local law to
  the contrary, the benefits of this section shall not  be  available  for
  new  multiple  dwellings  located  in  a geographic exclusion area which
  commence construction after December twenty-eighth, two  thousand  seven
  unless   they  comply  with  the  provisions  of  this  subdivision  for
  thirty-five years  from  completion  of  construction  of  the  building
  receiving benefits pursuant to this section.
    (c)(i)  Not  less  than  twenty  percent  of the units in the multiple
  dwelling must, upon the initial rental or sale of the units and upon all

  subsequent rentals of the units after a vacancy, be  affordable  to  and
  occupied  or  available  for  occupancy by individuals or families whose
  incomes at the time of initial occupancy do not exceed sixty percent  of
  the  area  median  incomes  adjusted  for  family  size  or  (ii) if the
  construction of such building is carried out with substantial assistance
  of grants, loans or subsidies from any federal, state or local agency or
  instrumentality and such assistance is provided pursuant  to  a  program
  for  the development of affordable housing, not less than twenty percent
  of the units in the multiple dwelling must, either (A) upon the  initial
  rental of the units and upon all subsequent rentals of the units after a
  vacancy,  be  affordable  to  and occupied or available for occupancy by
  individuals or families whose incomes at the time of  initial  occupancy
  do  not  exceed  one  hundred  twenty percent of the area median incomes
  adjusted for family size and, where the multiple dwelling contains  more
  than  twenty-five  units,  do not exceed an average of ninety percent of
  the area median incomes adjusted  for  family  size,  or  (B)  upon  the
  initial  sale  of  the units, be affordable to and occupied or available
  for occupancy by individuals or families whose incomes at  the  time  of
  initial  occupancy  do not exceed one hundred twenty-five percent of the
  area median incomes adjusted for family size.
    (d) Unless preempted by federal requirements:
    (i) all affordable units must have a comparable number of bedrooms  as
  market  rate units and a unit mix proportional to the market rate units,
  or at least fifty percent of the affordable units must have two or  more
  bedrooms  and  no  more than fifty percent of the remaining units can be
  smaller than one bedroom or in addition to the requirements of paragraph
  (c) of this subdivision, the floor area of affordable units is  no  less
  than twenty percent of the total floor area of all dwelling units; and
    (ii)  residents  of  the  community  board where the multiple dwelling
  which receives the benefits provided in this section is  located  shall,
  upon  initial  occupancy,  have  priority  for the purchase or rental of
  fifty percent of the affordable units.
    (e) Notwithstanding any provision of law to the  contrary,  affordable
  rental  units must remain as rent stabilized units for thirty-five years
  from completion of construction provided that tenants  holding  a  lease
  and  in  occupancy  at  the  expiration of the rent stabilization period
  shall have the right to  remain  as  rent  stabilized  tenants  for  the
  duration of their occupancy.
    (f)  All affordable units must be situated onsite. For the purposes of
  this section,  "onsite"  shall  mean  that  affordable  units  shall  be
  situated within the building or buildings for which benefits pursuant to
  this section are being granted.
    (g)  The  limitations  on  eligibility  for benefits contained in this
  subdivision shall be in addition to those contained in this section  and
  in any other law or regulation.
    8. (a) As used in this subdivision, the following terms shall have the
  following meanings:
    (i)  "Building  service  employee"  means  any person who is regularly
  employed at a building who performs work in connection with the care  or
  maintenance  of such building. "Building service employee" includes, but
  is not limited to superintendent,  watchman,  guard,  doorman,  building
  cleaner,  porter,  handyman,  janitor, gardener, groundskeeper, elevator
  operator and starter, and window cleaner, but shall not include  persons
  regularly  scheduled  to  work  fewer  than  eight hours per week in the
  building.
    (ii) "Prevailing wage" means the wage determined by the fiscal officer
  to be prevailing for the various classes of building  service  employees
  in the locality pursuant to section two hundred thirty of the labor law.

    (b)  No  benefits  under  this  section  shall  be  conferred  for any
  construction commenced on or after December twenty-eighth, two  thousand
  seven  for  any  tax lots now existing or hereafter created except where
  the applicant agrees that all building service employees employed at the
  building,  whether employed directly by the applicant or its successors,
  or through a property management company or a contractor, shall  receive
  the  applicable  prevailing  wage for the duration of the building's tax
  exemption.
    (c) The limitations contained in paragraph  (b)  of  this  subdivision
  shall not be applicable to:
    (i) projects containing less than fifty dwelling units; or
    (ii)  buildings  where  the  local  housing  agency  certifies that at
  initial occupancy at least fifty  percent  of  the  dwelling  units  are
  affordable  to  individuals or families with a gross household income at
  or below one hundred twenty-five percent of the area median  income  and
  that  any  such  units  which  are  located  in rental buildings will be
  subject to restrictions to insure that they will remain  affordable  for
  the entire period during which they receive benefits under this section.
    (d) The local housing agency shall prescribe appropriate sanctions for
  failure to comply with the provisions of this subdivision.
    (e)  Solely  for  purposes  of  paragraph  (b)  of  this  subdivision,
  construction shall be  deemed  to  have  commenced  when  excavation  or
  alteration has begun in good faith on the basis of approved construction
  plans.
    (f)  The  limitations  on  eligibility  for benefits contained in this
  subdivision shall be in addition to those contained in any other law  or
  regulation.
    9. (a) As used in this subdivision, the following terms shall have the
  following meanings:
    (i)  "Residential tax lot" shall mean a tax lot that contains dwelling
  units.
    (ii) "Non-residential tax lot" shall mean a  tax  lot  that  does  not
  contain any dwelling units.
    (iii)  "Annual  limit"  shall  mean sixty-five thousand dollars, which
  amount shall be increased by three percent, compounded annually, on each
  taxable status date following the first  anniversary  of  the  effective
  date of this subdivision.
    (iv)  "Certificate  of  occupancy" shall mean the first certificate of
  occupancy  covering  all  residential  areas  of  the  building  on   or
  containing a tax lot.
    (v) "Unit count" shall mean:
    (A)  in  the  case  of a residential tax lot that does not contain any
  commercial, community facility or accessory use  space,  the  number  of
  dwelling units in such tax lot, and
    (B)  in  the  case  of a residential tax lot that contains commercial,
  community facility or accessory use space, the number of dwelling  units
  in such tax lot plus one.
    (vi)  "Exemption  cap"  shall  mean  the  unit count multiplied by the
  annual limit.
    (b) The provisions of this subdivision shall apply  only  to  projects
  that  commence  construction  on  or  after  December twenty-eighth, two
  thousand seven.
    (c) The portion of the assessed valuation of any residential  tax  lot
  exempted  from  real  property  taxation  in  any  year pursuant to this
  section shall not exceed the exemption cap on or after the first taxable
  status date after the building on or containing such  tax  lot  receives
  its  certificate of occupancy, unless, it complies with the requirements
  of item a or b of clause (D) of subparagraph (iii) of paragraph  (a)  of

  subdivision  two  of  this section or the requirements of item a or b of
  clause (A) of subparagraph (iv) of paragraph (a) of subdivision  two  of
  this   section.   The   portion   of   the  assessed  valuation  of  all
  non-residential   tax  lots  in  the  building  on  or  containing  such
  non-residential tax lots exempted from real  property  taxation  in  any
  year  pursuant to this section shall not exceed a cumulative total equal
  to the annual limit on or after the first taxable status date after  the
  building  on  or  containing  such non-residential tax lots receives its
  certificate of occupancy. A dwelling unit that is located in two or more
  tax lots shall be ineligible to receive any benefits under this section.
    10. (a) The local housing agency shall implement procedures to  insure
  that  affordable  units created pursuant to this section, or units which
  are required to be occupied by persons or families  who  meet  specified
  income limits pursuant to the provisions of a local law enacted pursuant
  to this section, continue to be affordable as required by the provisions
  of  this  section or such local law, and that units made subject to rent
  stabilization remain subject thereto as required by  the  provisions  of
  this  section. Such procedures shall include but shall not be limited to
  the following:
    (i) all rent stabilization registrations required to be  filed  on  or
  after  January  first,  two  thousand  eight shall contain a designation
  which identifies all units that are subject to the  provisions  of  this
  section  as  "421-a  units" and specifically identifies affordable units
  created pursuant to this section and units  which  are  required  to  be
  occupied  by  persons  or  families  who  meet  specified  income limits
  pursuant to the provisions of a  local  law  enacted  pursuant  to  this
  section  as "421-a affordable units" and shall contain an explanation of
  the requirements that apply to all such units. The owner of a unit  that
  is  subject  to  the  provisions  of  this section shall, in addition to
  complying  with  the  requirements  of  section  26-517  of   the   rent
  stabilization  law,  file  a copy of the rent registration for each such
  unit with the local housing agency;
    (ii) the local housing agency with  cooperation  of  the  division  of
  housing  and community renewal shall monitor and enforce compliance with
  the filing requirements of this section;
    (iii) the local housing agency shall  create  a  report  which,  at  a
  minimum,  contains  the  following  information for every building which
  receives benefits pursuant to this section:  address,  commencement  and
  termination  date  of  the  benefits, total number of residential units,
  number  of  "421-a  units"  and  number  of  "421-a  affordable  units",
  apartment  number  or  other  designation of such units and the rent for
  each of such units. The local housing agency with the cooperation of the
  division of housing and community renewal  shall  maintain,  and  update
  such  report no less than annually, with information secured from annual
  registrations. Such reports shall be available for public inspection  in
  a  form  that  assigns  a unique designation to each unit other than its
  actual apartment number to maintain the privacy of such information; and
    (iv) the local  housing  agency  shall  monitor  any  change  in  such
  information, shall investigate any such changes which indicate a failure
  to   comply  with  the  provisions  of  this  section,  and  shall  take
  appropriate action based on its findings.
    (b) Failure to comply  with  the  provisions  of  this  section  which
  require  the  creation  and  maintenance of affordable units pursuant to
  this section, or units which are required to be occupied by  persons  or
  families  who meet specified income limits pursuant to the provisions of
  a local law enacted pursuant to this section, at  any  time  during  the
  duration  of  the building's tax exemption shall result in revocation of
  any benefits under this section for the period of  such  non-compliance.

  If  an  on-going  pattern  of  non-compliance  is  found  to exist, such
  benefits may  be  revoked  from  their  inception.  Notwithstanding  the
  revocation of benefits for a building pursuant to the provisions of this
  subdivision, all units in such building shall continue to remain subject
  to  the provisions of the rent stabilization law for the entire intended
  period as if the benefits had not been revoked.
    (c) The provisions of this subdivision relating to enforcement of  the
  provisions  of this section shall be in addition to any other provisions
  contained in this section or any other law.
    (d) The revocation of benefits for  noncompliance  with  this  section
  shall   not   exempt   any  unit  from  continued  compliance  with  the
  requirements of this section.
    11. Additional geographic exclusion areas:
    (a) Any tax lots now existing or hereafter created which  are  located
  entirely  within  the geographic area in the borough of Brooklyn bounded
  and described as follows:
    (i) In the County of Kings, Beginning at a point where Warwick  Street
  meets  Belmont  Avenue,  thence  westerly  along  said  avenue to Jerome
  Street, thence southerly along said  street  to  Sutter  Avenue,  thence
  westerly  on  said  avenue to Barbey Street, thence northerly along said
  street to Belmont Avenue, thence westerly on said avenue to  New  Jersey
  Avenue,  thence  southerly  on  said  avenue  to  Sutter  Avenue, thence
  westerly on said avenue to Pennsylvania Avenue, thence northerly on said
  avenue to Belmont Avenue, thence westerly on said  avenue  to  Sheffield
  Avenue,  thence  southerly  on  said  avenue  to  Sutter  Avenue, thence
  westerly on said avenue to Snediker Avenue,  thence  northerly  on  said
  avenue  to  William's  Place,  thence  northerly on said place to Fulton
  Street, thence  easterly  on  said  street  to  Jamaica  Avenue,  thence
  easterly  on  said avenue to Van Siclen Avenue, thence southerly on said
  avenue to Arlington Avenue, thence easterly on said  avenue  to  Warwick
  Street,  thence  southerly  on  said  street  to Atlantic Avenue, thence
  westerly on said avenue to  Jerome  Street,  thence  southerly  on  said
  street  to  Liberty  Avenue,  thence  easterly on said avenue to Warwick
  Street, thence southerly along said  street  to  its  intersection  with
  Belmont Avenue, the point of beginning.
    (ii)  In  the  County  of  Kings,  Beginning at a point where Bushwick
  Avenue meets with Stewart Street, thence southwesterly on said street to
  Broadway, thence southeasterly on  Broadway  to  Conway  Street,  thence
  southwesterly  on said street to Truxton Street, thence westerly on said
  street to Sackman Street, thence southerly on said  street  to  Atlantic
  Avenue,  thence  westerly  on  said  avenue  to  Howard  Avenue,  thence
  northerly on said avenue to MacDougal Street, thence  westerly  on  said
  street  to  Fulton  Street,  thence  westerly  on said street to Patchen
  Avenue, thence northerly  on  said  avenue  to  Hancock  Street,  thence
  easterly  on  said  street  to Saratoga Avenue, thence northerly on said
  avenue to a point midway between Hancock Street  and  Jefferson  Avenue,
  thence  easterly along the line extended to the northern intersection of
  Broadway and Hancock Street, thence northerly along  Hancock  Street  to
  Bushwick  Avenue,  thence easterly along said avenue to its intersection
  with Stewart Street, the point of beginning.
    (iii) In the County of Kings, Beginning  at  a  point  where  Prospect
  Place  meets  Ralph Avenue, thence southerly along said avenue to Sutter
  Avenue, thence westerly along said avenue to east  98th  Street,  thence
  southeasterly  along  said  street to Rutland Road, thence southwesterly
  along said road to East 92nd Street,  thence  northwesterly  along  said
  street  to  East  New York Avenue, thence southerly along said avenue to
  Lefferts Avenue, thence westerly along  said  avenue  to  Utica  Avenue,
  thence  northerly along said avenue to Lincoln Place, thence easterly on

  said place to Rochester Avenue, thence northerly on said avenue  to  St.
  Mark's  Avenue  thence  easterly on St. Mark's Avenue to Buffalo Avenue,
  thence southerly on said avenue to Prospect Place, thence westerly along
  said  place  towards  intersection  with  Ralph  Avenue,  the  point  of
  beginning.
    (iv) In the County of Kings,  Beginning  at  a  point  where  Nostrand
  Avenue  meets  Dean  Street, thence westerly along said street to Rogers
  Avenue, thence southerly along said  avenue  to  Bergen  Street,  thence
  westerly  along  said  street  to Bedford Avenue, thence southerly along
  said avenue to St. Mark's Avenue, thence easterly along said  avenue  to
  Rogers  Avenue,  thence  southerly  along  said  avenue to Crown Street,
  thence easterly along said street to Nostrand Avenue,  thence  southerly
  along  said avenue to Sterling Street, thence westerly along said street
  to Bedford Avenue,  thence  southerly  along  said  avenue  to  Lefferts
  Avenue,  thence  westerly along said avenue to Washington Avenue, thence
  southerly along said avenue to Flatbush Avenue, thence along said avenue
  to Parkside Avenue, thence westerly along said avenue to  Ocean  Avenue,
  thence northerly along said avenue to Flatbush Avenue, thence along said
  avenue  to  Plaza  Street  East,  thence along said street to St. John's
  Place, thence easterly along said  place  to  Underhill  Avenue,  thence
  northerly  along  said  avenue  to Prospect Place, thence westerly along
  said place to Carlton Avenue, thence  southerly  along  said  avenue  to
  Flatbush  Avenue,  thence  northerly  along  said  avenue to Park Place,
  thence westerly along said place to 6th Avenue, thence  northerly  along
  said  avenue  to Bergen Street, thence westerly along said street to 5th
  Avenue, thence southerly along said  avenue  to  Warren  Street,  thence
  westerly  along  said  street to 4th Avenue, thence northerly along said
  avenue to Bergen Street,  thence  westerly  along  said  street  to  3rd
  Avenue,  thence  northerly  along  said  avenue  to  Dean Street, thence
  easterly along said street to 4th Avenue, thence  northerly  along  said
  avenue to Atlantic Avenue, thence easterly along said avenue to Flatbush
  Avenue,  thence  northerly  along  said  avenue to Fulton Street, thence
  westerly along said street to Hanover Place, thence southerly along said
  place to Livingston Street, thence westerly along said  street  to  Bond
  Street,  thence  northerly  along  said  street to Fulton Street, thence
  westerly along said street to Bridge Street, thence northerly along said
  street to Willoughby  Street,  thence  westerly  along  said  street  to
  Lawrence  Street,  thence  southerly along said street to Fulton Street,
  thence westerly along said street to Jay Street, thence northerly  along
  said  street  to  Prospect  Street, thence easterly along said street to
  Bridge Street, thence northerly along said street to York Street, thence
  easterly along said street to Navy Street, thence southerly  along  said
  street  to  Ashland  Place,  thence  along  said place to Dekalb Avenue,
  thence easterly along said avenue to Adelphi  Street,  thence  southerly
  along said street to Lafayette Avenue, thence easterly along said avenue
  to Clermont Avenue, thence northerly along said avenue to Dekalb Avenue,
  thence  easterly  along  said avenue to Clinton Avenue, thence northerly
  along said avenue to  Willoughby  Avenue,  thence  easterly  along  said
  avenue  to  Hall  Street,  thence  northerly along said street to Myrtle
  Avenue, thence easterly along  said  avenue  to  Emerson  Place,  thence
  southerly along said place to southern border of Pratt Institute parking
  lot, thence westerly along said border to a line extended southerly from
  Grand  Avenue,  thence  southerly  along  said  avenue to Dekalb Avenue,
  thence easterly along said avenue to Classon  Avenue,  thence  northerly
  along  said  avenue  to  Willoughby  Avenue,  thence easterly along said
  avenue to Taaffe Place, thence southerly  along  said  place  to  Dekalb
  Avenue,  thence  easterly  along  said  avenue  to  Kent  Avenue, thence
  northerly along said avenue to Willoughby Avenue, thence easterly  along

  said  avenue  to  Franklin Avenue, thence southerly along said avenue to
  Lafayette Avenue, thence easterly along said avenue to Nostrand  Avenue,
  thence southerly along said avenue to its intersection with Dean Street,
  the point of beginning.
    (v)  In  the  County  of Kings, Beginning at a point where Ruby Street
  (Kings/Queens county line) meets Pitkin Avenue,  thence  westerly  along
  said  avenue to North Conduit Boulevard, thence northwesterly along said
  boulevard to Autumn  Avenue,  thence  northerly  along  said  avenue  to
  Glenmore  Avenue,  thence  westerly  along  said avenue to South Conduit
  Boulevard, thence easterly  along  said  boulevard  to  Hemlock  Street,
  thence  southerly  along  said  street to Pitkin Avenue, thence westerly
  along said avenue to Crystal Street, thence southerly along said  street
  to  Belmont Avenue, thence westerly along said avenue to Milford Street,
  thence southerly along said street to  Sutter  Avenue,  thence  westerly
  along  said avenue to Montauk Avenue, thence northerly along said avenue
  to Belmont Avenue, thence westerly along said avenue to Shepherd Avenue,
  thence northerly along said avenue to  Pitkin  Avenue,  thence  westerly
  along said avenue to Essex Street, thence southerly along said street to
  Belmont  Avenue,  thence  westerly  along said avenue to Warwick Street,
  thence northerly along said street to Liberty  Avenue,  thence  westerly
  along  said  avenue to Jerome Street, thence northerly along said street
  to Atlantic Avenue, thence easterly along said avenue to Warwick Street,
  thence northerly along said street to Arlington Avenue, thence  westerly
  along  said  avenue  to  Van  Siclen Avenue, thence northerly along said
  avenue to Jamaica Avenue, thence westerly along said avenue to Broadway,
  thence westerly along Broadway to Fulton Street, thence  westerly  along
  said  street  to  Sackman  Street, thence northerly along said street to
  Truxton Street, thence easterly along  said  street  to  Conway  Street,
  thence  northerly  along  said street to Broadway, thence westerly along
  Broadway to Stewart  Street,  thence  northerly  along  said  street  to
  Bushwick  Avenue, thence westerly along said avenue to Kosciusko Street,
  thence westerly along said street to Stuyvesant Avenue, thence northerly
  along said avenue to Dekalb Avenue, thence westerly along said avenue to
  Marcy Avenue, thence northerly along said avenue to Park Avenue,  thence
  easterly  along said avenue to Broadway, thence southerly along Broadway
  to Lewis Avenue, thence southerly along said avenue to Stockton  Street,
  thence  easterly  along  said street to Broadway, thence southerly along
  Broadway to Melrose  Street,  thence  northerly  along  said  street  to
  Stanwix  Street, thence southerly along said street to Jefferson Street,
  thence westerly along said street to Bushwick Avenue,  thence  southerly
  along  said  avenue to Dekalb Avenue, thence northerly along said avenue
  to Evergreen Avenue, thence easterly  along  said  avenue  to  Stockholm
  Street,  thence  northerly  along  said street to Central Avenue, thence
  easterly along said avenue to Woodbine Street,  thence  northerly  along
  said  street  to  Ridgewood  Place,  thence westerly along said place to
  Palmetto Street, thence northerly along said street  to  Wyckoff  Avenue
  (Kings/Queens county line), thence following Kings/Queens county line to
  Ruby  Street  (Kings/Queens  county  line),  thence southerly along said
  street to its intersection with Pitkin Avenue, the point of beginning.
    (vi) In the County of Kings, Beginning at a point  where  St.  Nichols
  Avenue  (Kings/Queens  county  line)  meets  Gates  Avenue (Kings/Queens
  county line), thence  southerly  along  said  avenue  to  Wykoff  Avenue
  (Kings/Queens  county  line),  thence  easterly  along  said  avenue  to
  Palmetto Street, thence southerly along said street to Ridgewood  Place,
  thence  easterly  along  said place to Woodbine Street, thence southerly
  along said street to Central Avenue, thence westerly along  said  avenue
  to  Stockholm  Street,  thence  southerly along said street to Evergreen
  Avenue, thence westerly along  said  avenue  to  Dekalb  Avenue,  thence

  southerly  along  said  avenue to Bushwick Avenue, thence westerly along
  said avenue to Jefferson Street, thence easterly along  said  street  to
  Stanwix  Street,  thence  northerly along said street to Melrose Street,
  thence  westerly along said street to Broadway, thence along Broadway to
  Stockton Street, thence  along  said  street  to  Lewis  Avenue,  thence
  northerly  along said avenue to Broadway, thence westerly along Broadway
  to Park Avenue,  thence  along  said  avenue  to  Marcy  Avenue,  thence
  northerly  along  said  avenue  to Hopkins Street, thence easterly along
  said street to Tompkins Avenue, thence northerly along  said  avenue  to
  Harrison  Avenue, thence westerly along said Avenue to Middleton Street,
  thence easterly along said street to  Broadway,  thence  westerly  along
  Broadway  to Boerum Street, thence easterly along said street to Lorimer
  Street, thence northerly along said street to  Montrose  Avenue,  thence
  westerly along said avenue to Broadway, thence along said road to I-278,
  thence  northerly  along  said  interstate  to  South 5th Street, thence
  westerly along said street to Bedford  Avenue,  thence  southerly  along
  said  avenue  to  South 6th Street, thence westerly along said street to
  Berry Street, thence northerly along said street to  North  1st  Street,
  thence  easterly  along  said  street to Driggs Avenue, thence northerly
  along said avenue to Fillmore Place, thence easterly along said place to
  Roebling Street, thence northerly along  said  street  to  Hope  Street,
  thence  easterly along said street to Havemeyer Street, thence northerly
  along said street to Metropolitan Avenue,  thence  easterly  along  said
  avenue  to Havemeyer Street, thence northerly along said street to North
  6th Street, thence easterly along said street to Meeker  Avenue,  thence
  westerly along said avenue to Metropolitan Avenue, thence easterly along
  said  avenue  to  Rodney  Street,  thence southerly along said street to
  Ainslie Street, thence easterly  along  said  street  to  Union  Avenue,
  thence  northerly along said avenue to Conselyea Street, thence easterly
  along said street to  Manhattan  Avenue,  thence  southerly  along  said
  street  to  Metropolitan  Avenue,  thence  easterly along said avenue to
  Maspeth Avenue, thence northerly along said avenue  to  Woodpoint  Road,
  thence  along  said road to Conselyea Street, thence westerly along said
  street to Humbolt Street, thence northerly along said street to Skillman
  Avenue, then easterly  along  said  avenue  to  Woodpoint  Road,  thence
  northerly  along said road to Jackson Street, thence easterly along said
  street to Kingsland  Avenue,  thence  northerly  along  said  avenue  to
  Withers  Street,  thence  westerly  along said street to Woodpoint Road,
  thence northerly along said road to Kingsland Avenue, thence along  said
  avenue  to Division Place, thence easterly along said place to Debevoise
  Avenue, thence northerly along said  avenue  to  Beadel  Street,  thence
  westerly  along  said street to Kingsland Avenue, thence northerly along
  said avenue to I-278, thence easterly along said  interstate  to  Sutton
  Street,  thence  northerly  along  said  street to Driggs Avenue, thence
  easterly along said avenue to Meeker Avenue, thence along said avenue to
  Hausman Street, thence northerly along said  street  to  Nassau  Avenue,
  thence  easterly  along  said  avenue to Vandam Street, thence southerly
  along said street to Meeker Avenue, thence easterly along said avenue to
  Kings/Queens county line, thence southeasterly along said line to  where
  St. Nichols Avenue meets Gates Avenue, the point of beginning.
    (vii)  In  the  County  of  Kings,  Beginning at a point where Bedford
  Avenue meets Bergen Street, thence easterly along  said  street  to  New
  York  Avenue,  thence  northerly  along  said  avenue to Pacific Street,
  thence easterly along said street to Brooklyn Avenue,  thence  southerly
  along  said  avenue to Dean Street, thence easterly along said street to
  Kingston Avenue, thence southerly along said avenue to  Sterling  Place,
  thence  easterly  along  said  place  to Hampton Place, thence southerly
  along said place to St. John's Place, thence westerly along  said  place

  to Kingston Avenue, thence southerly along said avenue to Lincoln Place,
  thence  easterly  along  said  place  to Albany Avenue, thence southerly
  along said avenue to Eastern Parkway, thence easterly along said parkway
  to  Schenectady  Avenue,  thence  southerly  along  said avenue to Union
  Street, thence easterly  along  said  street  to  Utica  Avenue,  thence
  southerly  along  said avenue to Empire Boulevard, thence westerly along
  said boulevard to Nostrand Avenue, thence northerly along said avenue to
  Crown Street, thence westerly along said street to Rogers Avenue, thence
  northerly along said avenue to St. Mark's Avenue, thence westerly  along
  said  avenue  to  Bedford  Avenue, thence northerly along said avenue to
  Bergen Street, the point of beginning.
    (viii) In the County of Kings, Beginning at  a  point  where  Prospect
  Place  meets Underhill Avenue, thence southerly along said avenue to St.
  John's Place, thence westerly along said place  to  Plaza  Street  East,
  thence southerly along said street to Plaza Street West, thence westerly
  along  said  street to Parade Place, thence along said place to Prospect
  Park West, thence southerly along said Part West to 4th  Street,  thence
  westerly  along  said  street to 8th Avenue, thence northerly along said
  avenue to 2nd Street, thence westerly along said street to  7th  Avenue,
  thence  southerly along said avenue to 4th Street, thence westerly along
  said street to 6th Avenue, thence southerly along  said  avenue  to  5th
  Street,  thence  westerly  along  said  street  to  5th  Avenue,  thence
  southerly along said avenue to 8th Street, thence  easterly  along  said
  street  to 6th Avenue, thence southerly along said avenue to 9th Street,
  thence westerly along said street to 5th Avenue, thence southerly  along
  said  avenue  to  11th  Street, thence easterly along said street to 6th
  Avenue, thence southerly  along  said  avenue  to  14th  Street,  thence
  easterly  along  said  street to 7th Avenue, thence southerly along said
  avenue to 17th Street, thence  westerly  along  said  street  to  Calder
  Place,  thence  northerly  along  said  place to Prospect Avenue, thence
  westerly along said avenue to Webster Place, thence northerly along said
  place to 16th Street, thence westerly along said street to  6th  Avenue,
  thence  southerly  along  said  avenue  to  Prospect  Expressway, thence
  westerly along said expressway to 5th  Avenue,  thence  southerly  along
  said  avenue  to  17th  Street, thence westerly along said street to 4th
  Avenue, thence northerly  along  said  avenue  to  16th  Street,  thence
  westerly  along said street to Hamilton Avenue, thence along said avenue
  to 15th Street, thence easterly along said street to 2nd Avenue,  thence
  northerly  along  said avenue to 14th Street, thence westerly along said
  street to Hamilton Place, thence northerly  along  said  place  to  12th
  Street,  thence  westerly along said street to a line extended from 12th
  Street to the banks of the Gowanus Canal, thence  southerly  along  said
  canal  to  Hamilton  Avenue, thence northerly along said avenue to Smith
  Street, thence along said street to West  9th  Street,  thence  westerly
  along  said  street  to I-278, thence northerly along said interstate to
  Huntington Street, thence westerly along said street to Hamilton Avenue,
  thence northerly along said avenue to  Luquer  Street,  thence  westerly
  along said street to Columbia Street, thence southerly along said street
  to  Commerce  Street,  thence  westerly  along  said  street to Richards
  Street, thence northerly along said street to  Hamilton  Avenue,  thence
  westerly  along said avenue to Bowne Street, thence along said street to
  Van Brunt Street, thence southerly along said street to  Verona  Street,
  thence  northerly  along  said  street to Imlay Street, thence southerly
  along said street to Pioneer Street, thence westerly along  said  street
  to  the  East River (Kings/New York county line), thence northerly along
  said county line to the western border of  the  U.S.  Navy  Yard  Basin,
  thence  southerly  along  said  border  to  a  line  extended  from  the
  eastern-most end  of  York  Street,  thence  westerly  along  said  line

  extended  to  York  Street,  thence westerly along said street to Bridge
  Street, thence southerly along said street to  Prospect  Street,  thence
  westerly  along  said  street to Jay Street, thence southerly along said
  street  to  Fulton Street, thence easterly along said street to Lawrence
  Street, thence northerly along said street to Willoughby Street,  thence
  easterly along said street to Bridge Street, thence southerly along said
  street  to  Fulton  Street,  thence  easterly  along said street to Bond
  Street, thence southerly along said street to Livingston Street,  thence
  easterly along said street to Hanover Place, thence northerly along said
  place  to  Fulton  Street, thence easterly along said street to Flatbush
  Avenue, thence southerly along said avenue to  Atlantic  Avenue,  thence
  westerly  along  said  avenue to 4th Avenue, thence southerly along said
  avenue to Dean Street, thence westerly along said street to 3rd  Avenue,
  thence  southerly  along  said  avenue to Bergen Street, thence easterly
  along said street to 4th Avenue, thence southerly along said  avenue  to
  Warren  Street,  thence easterly along said street to 5th Avenue, thence
  northerly along said avenue to Bergen Street, thence easterly along said
  street to 6th Avenue, thence southerly along said avenue to Park  Place,
  thence  easterly  along  said place to Flatbush Avenue, thence southerly
  along said avenue to Carlton Avenue, thence northerly along said  avenue
  to  Prospect Place, thence easterly along said place to its intersection
  with Underhill Avenue, the point of beginning.
    (ix) In the County of Kings, Beginning at a point  where  65th  Street
  meets 2nd Avenue, thence southerly along said avenue to Long Island Rail
  Road  (Bay  Ridge  Station),  thence westerly along said railroad to Bay
  Ridge Channel, thence along said channel to  the  Upper  New  York  Bay,
  thence  along  said  bay  to  Kings/Hudson/New Jersey county/state line,
  thence along said county/state  line  to  Kings/New  York  county  line,
  thence  easterly  along  said  county  line  to  Pioneer  Street, thence
  southerly along said street to Imlay Street, thence northerly along said
  street to Verona Street, thence southerly along said street to Van Brunt
  Street, thence northerly along  said  street  to  Bowne  Street,  thence
  easterly  along said street to Hamilton Avenue, thence along said avenue
  to Richards Street, thence  southerly  along  said  street  to  Commerce
  Street,  thence  easterly  along  said street to Columbia Street, thence
  northerly along said street to Luquer Street, thence easterly along said
  street to  Hamilton  Avenue,  thence  southerly  along  said  avenue  to
  Huntington  Street,  thence  easterly along said street to I-278, thence
  southerly along said interstate to West 9th Street,  thence  along  said
  street  to  Smith Street, thence southerly along said street to Hamilton
  Avenue, thence along said avenue  to  Gowanus  Canal,  thence  northerly
  along  said  canal  to a line extended westerly from 12th Street, thence
  easterly along said line extended to  12th  Street,  thence  along  said
  street  to  Hamilton  Place,  thence  southerly along said place to 14th
  Street,  thence  easterly  along  said  street  to  2nd  Avenue,  thence
  southerly  along  said avenue to 15th Street, thence westerly along said
  street to Hamilton Avenue, thence southerly along  said  avenue  to  3rd
  Avenue,  thence  southerly  along  said  avenue  to  65th Street, thence
  northerly along said street to its intersection  with  2nd  Avenue,  the
  point of beginning.
    (b)  Any  tax lots now existing or hereafter created which are located
  entirely within the geographic area in the borough of Manhattan  bounded
  and described as follows:
    (i)  In  the  county  of New York, Beginning at a point where extended
  West 202nd Street intersects the  New  York/Bronx  county  line,  thence
  westerly  along  said  extension to West 202nd Street, thence along said
  street to 9th Avenue, thence southerly along said avenue to  west  201st
  Street,  thence  westerly  along  said  street to Academy Street, thence

  northerly along said street to 10th Avenue, thence southerly along  said
  avenue  to  Dyckman  Street, thence northerly along said street to Nagle
  Avenue, thence westerly along said avenue to Fort  George  Hill,  thence
  southerly  along  said  hill  to  the southwestern border of High Bridge
  Park, thence easterly along said border to Fort  George  Avenue,  thence
  southerly  along said avenue to Audubon Avenue, thence along said avenue
  to West 190th Street, thence easterly along  said  street  to  Amsterdam
  Avenue,  thence southerly along said avenue to West 186th Street, thence
  westerly along said street to Audubon  Avenue,  thence  southerly  along
  said  avenue  to West 184th Street, thence easterly along said street to
  Amsterdam Avenue, thence southerly  along  said  avenue  to  West  183rd
  Street,  thence  westerly  along  said  street to Audubon Avenue, thence
  southerly along said avenue to West 182nd Street, thence easterly  along
  said  street  to Amsterdam Avenue, thence southerly along said avenue to
  West 166th Street, thence westerly along said  street  to  St.  Nicholas
  Avenue,  thence southerly along said avenue to West 162nd Street, thence
  westerly along said street to Broadway, thence northerly along  Broadway
  to  west  165th  Street,  thence  westerly  along  said  street  to Fort
  Washington Avenue, thence northerly along  said  avenue  to  West  168th
  Street,  thence easterly along said street to Broadway, thence northerly
  along Broadway to West 172nd Street, thence westerly along  said  street
  to  Fort  Washington  Avenue, thence northerly along said avenue to West
  173rd Street, thence easterly along  said  street  to  Broadway,  thence
  northerly  along  Broadway  to  West 174th Street, thence easterly along
  said street to Wadsworth Avenue, thence northerly along said  avenue  to
  West  175th Street, thence westerly along said street to Fort Washington
  Avenue, thence northerly along said avenue to West 177th Street,  thence
  easterly  along said street to Broadway, thence northerly along Broadway
  to Cumming Street, thence along said street  to  Seaman  Avenue,  thence
  easterly  along  said  avenue  to Academy Street, thence southerly along
  said street to Cooper Street, thence easterly along said street to  West
  204th  Street,  thence  southerly  along said street to Broadway, thence
  easterly along Broadway to West 207th  Street,  thence  southerly  along
  said  street  to  Vermilyea Avenue, thence easterly along said avenue to
  Isham Street, thence northerly along said  street  to  Broadway,  thence
  easterly  along  Broadway  to  West 215th Street, thence northerly along
  said street to Seaman Avenue, thence westerly along said avenue to  West
  207th  Street,  thence  northerly  along said street to where it meets a
  line extended from  Payson  Avenue,  thence  westerly  along  said  line
  extended  to  Payson Avenue, thence along said avenue to Dyckman Street,
  thence northerly along said street to  Staff  Street,  thence  southerly
  along  said  street to Riverside Drive, thence westerly along said drive
  to the  exit  ramp  of  the  Henry  Hudson  Parkway  Northbound,  thence
  southerly along said ramp to the Henry Hudson Parkway Northbound, thence
  northerly  along said parkway to the on-ramp of the Henry Hudson Parkway
  Southbound, thence southerly along said ramp to the Henry Hudson Parkway
  Southbound, thence northerly along  said  parkway  to  Exit  17,  thence
  southwesterly  on  a  line  extended  from said exit to a point where it
  meets a line extended from Dyckman Street, thence  westerly  along  said
  line  extended  to  the New York state line, thence northerly along said
  state line to the New York/Bronx county line, thence easterly along said
  county line, thence southerly along said line to its  intersection  with
  extended West 202nd Street, the point of beginning.
    (ii)  In the county of New York, Beginning at a point where West 215th
  Street meets Broadway, thence westerly along Broadway to  Isham  Street,
  thence  southeasterly  along  said  street  to  Vermilyea Avenue, thence
  westerly along said avenue to West 207th Street, thence northerly  along
  said  street  to  Broadway, thence westerly along Broadway to West 204th

  Street, thence northerly along said  street  to  Cooper  Street,  thence
  westerly  along  said  street  to Academy Street, thence northerly along
  said street to Seaman Avenue,  thence  westerly  along  said  avenue  to
  Cumming  Street,  thence southerly along said street to Broadway, thence
  southerly along Broadway to West 177th  Street,  thence  westerly  along
  said  street  to  Fort  Washington  Avenue,  thence southerly along said
  avenue to West 175th  Street,  thence  easterly  along  said  street  to
  Wadsworth  Avenue,  thence  southerly  along  said  avenue to West 174th
  Street, thence westerly along said street to Broadway, thence  southerly
  along  Broadway  to West 173rd Street, thence westerly along said street
  to Fort Washington Avenue, thence southerly along said  avenue  to  West
  172nd  Street,  thence  easterly  along  said street to Broadway, thence
  southerly along Broadway to West 168th  Street,  thence  westerly  along
  said  street  to  Fort  Washington  Avenue,  thence southerly along said
  avenue to West 165th  Street,  thence  easterly  along  said  street  to
  Broadway,  thence  southerly along Broadway to West 162nd Street, thence
  easterly along said street to  St.  Nicholas  Avenue,  thence  northerly
  along  said  avenue  to  West  166th  Street, thence easterly along said
  street to Amsterdam Avenue, thence northerly along said avenue  to  West
  182nd  Street,  thence  westerly  along  said  street to Audubon Avenue,
  thence northerly along said avenue to West 183rd Street, thence easterly
  along said street to  Amsterdam  Avenue,  thence  northerly  along  said
  avenue  to  West  184th  Street,  thence  westerly  along said street to
  Audubon Avenue, thence northerly along said avenue to West 186th Street,
  thence easterly along said street to Amsterdam Avenue, thence  northerly
  along  said  avenue  to  West  190th  Street, thence westerly along said
  street to Audubon Avenue, thence northerly along  said  avenue  to  Fort
  George  Avenue,  thence  along said avenue to the southwestern border of
  High Bridge Park, thence westerly along said border to Fort George Hill,
  thence northerly along said hill to Nagle Avenue, thence easterly  along
  said  avenue  to  Dyckman  Street, thence southerly along said street to
  10th Avenue, thence northerly  along  said  avenue  to  Academy  Street,
  thence southerly along said street to West 201st Street, thence easterly
  along  said  street to 9th Avenue, thence northerly along said avenue to
  West 202nd Street, thence easterly along said street to a line extending
  to the New York/Bronx county line, thence southerly  along  said  county
  line  to  the  point  where  the  145th Street Bridge intersects the New
  York/Bronx county line, thence westerly along said bridge to West  145th
  Street,  thence along said street to Lenox Avenue (Malcolm X Boulevard),
  thence northerly along said avenue to West 146th Street, thence westerly
  along said street to 7th Avenue (Adam  Clayton  Powell  Jr.  Boulevard),
  thence southerly along said avenue to West 144th Street, thence westerly
  along  said  street to 8th Avenue (Frederick Douglass Boulevard), thence
  northerly along said avenue to West 145th Street, thence westerly  along
  said  street  to St. Nicholas Avenue, thence northerly along said avenue
  to West 149th Street, thence  westerly  along  said  street  to  Convent
  Avenue,  thence southerly along said avenue to West 148th Street, thence
  westerly along said street to Amsterdam Avenue, thence  northerly  along
  said  avenue  to West 151st Street, thence westerly along said street to
  Broadway, thence southerly along Broadway to West 145th  Street,  thence
  westerly  along  said  street  to Henry Hudson Parkway, thence southerly
  along said parkway to St. Clair Place, thence westerly along said  place
  to  extended  St.  Clair  Place,  thence along said extension to the New
  York/New Jersey state line, thence northerly along said  state  line  to
  its  intersection  with  extended  Dyckman Street, thence easterly along
  said  extension  to  the  shoreline  of   the   Hudson   River,   thence
  northeasterly  to Exit 17 of the Henry Hudson Parkway Southbound, thence
  southerly along said parkway to the onramp from Riverside Drive,  thence

  northerly along said ramp to the Henry Hudson Parkway Northbound, thence
  southerly along said parkway to the exit ramp to Riverside Drive, thence
  easterly  along said ramp to Riverside Drive, thence along said drive to
  Staff  Street,  thence  northerly  along  said street to Dyckman Street,
  thence southerly along said street to  Payson  Avenue,  thence  easterly
  along  said  avenue  to a point where extended Payson Avenue meets 207th
  Street, thence southerly along said  street  to  Seaman  Avenue,  thence
  easterly  along said avenue to West 215th Street, thence southerly along
  said street to its intersection with Broadway, the point of beginning.
    (iii) In the county of New York, Beginning at a point where the  145th
  Street  Bridge  meets  the  New York/Bronx county line, thence southerly
  along said county line to the CSX Railroad, thence westerly  along  said
  railroad  to  Park  Avenue,  thence  southerly along said avenue to East
  132nd Street, thence westerly along said street to  5th  Avenue,  thence
  southerly  along said avenue to West 124th Street, thence westerly along
  said street to Mount Morris Park West, thence southerly along said  park
  to West 121st Street, thence westerly along said street to Lenox Avenue,
  thence southerly along said avenue to West 120th Street, thence easterly
  along  said  street to 5th Avenue, thence southerly along said avenue to
  East 118th Street, thence easterly along said  street  to  Park  Avenue,
  thence southerly along said avenue to East 117th Street, thence westerly
  along  said  street to 5th Avenue, thence southerly along said avenue to
  West 115th Street, thence westerly along said street  to  Lenox  Avenue,
  thence northerly along said avenue to West 116th Street, thence westerly
  along  said  street  to  Morningside Avenue, thence northerly along said
  avenue to West 121st  Street,  thence  easterly  along  said  street  to
  Manhattan  Avenue,  thence  northerly  along  said  avenue to West 123rd
  Street, thence westerly along said street to Morningside Avenue,  thence
  northerly  along said avenue to West 124th Street, thence easterly along
  said street to Frederick Douglass Boulevard, thence northerly along said
  boulevard to West 125th Street, thence westerly  along  said  street  to
  Morningside  Avenue,  thence  northerly  along said avenue to West 126th
  Street, thence westerly along said street to  Amsterdam  Avenue,  thence
  along  said  avenue  to  West  129th  Street, thence westerly along said
  street to Broadway, thence southerly along Broadway  to  Tiemann  Place,
  thence  westerly  along  said place to Riverside Drive, thence northerly
  along said drive to Riverside Drive West, thence  along  said  drive  to
  West  125th  Street,  thence  along said street to Henry Hudson Parkway,
  thence along said parkway to West 145th Street,  thence  easterly  along
  said  street  to Broadway, thence northerly along Broadway to West 151st
  Street, thence easterly along said street to  Amsterdam  Avenue,  thence
  southerly  along said avenue to West 148th Street, thence easterly along
  said street to Convent Avenue, thence northerly  along  said  avenue  to
  West  149th  Street,  thence  easterly along said street to St. Nicholas
  Avenue, thence southerly along said avenue to West 145th Street,  thence
  easterly  along  said  street  to  Frederick  Douglass Boulevard, thence
  southerly along said boulevard to West  144th  Street,  thence  easterly
  along said street to Adam Clayton Powell Jr. Boulevard, thence northerly
  along  said  boulevard  to West 146th Street, thence easterly along said
  street to Lenox Avenue (Malcolm X  Boulevard),  thence  southerly  along
  said  avenue  to West 145th Street, thence easterly along said street to
  the 145th Street Bridge, thence along said bridge  to  its  intersection
  with the New York/Bronx county line, the point of beginning.
    (iv)  In  the  county  of New York, Beginning at a point where the New
  York/Queens county border meets the  East  River  at  East  96th  Street
  Extended,  thence  westerly along a line connecting to East 96th Street,
  excluding Mill Rock Park, thence westerly along East 96th Street to  2nd
  Avenue,  thence  northerly along said avenue to East 97th Street, thence

  westerly along said street to 3rd Avenue, thence  southerly  along  said
  avenue to East 95th Street, thence westerly along said street to Madison
  Avenue,  thence  southerly along said avenue to East 92nd Street, thence
  westerly  along  said  street to 5th Avenue, thence northerly along said
  avenue to Central Park North, thence westerly along said  park  to  Adam
  Clayton  Powell  Jr. Boulevard, thence northerly along said boulevard to
  West 113th Street, thence westerly along  said  street  to  8th  Avenue,
  thence northerly along said avenue to West 116th Street, thence easterly
  along said street to Lenox Avenue, thence southerly along said avenue to
  West  115th  Street,  thence  easterly  along said street to 5th Avenue,
  thence northerly along said avenue to East 117th Street, thence easterly
  along said street to Park Avenue, thence northerly along said avenue  to
  East  118th  Street,  thence  westerly  along said street to 5th Avenue,
  thence northerly along said avenue to West 120th Street, thence westerly
  along said street to Lenox Avenue, thence northerly along said avenue to
  West 121st Street, thence easterly along said  street  to  Mount  Morris
  Park West, thence northerly along said park to West 124th Street, thence
  easterly  along  said  street to 5th Avenue, thence northerly along said
  avenue to East 132nd Street, thence easterly along said street  to  Park
  Avenue,  thence  westerly  along  said  avenue  to  CSX Railroad, thence
  easterly along said railroad over the Harlem River to the New York/Bronx
  county line,  thence  southerly  along  said  county  line  to  the  New
  York/Queens county line, thence southerly along said county line to East
  96th Street Extended, the point of beginning.
    (c)  Any  tax lots now existing or hereafter created which are located
  entirely within the geographic area in the borough of The Bronx  bounded
  and described as follows:
    (i)  In  the  county of Bronx, Beginning at a point where Rodman Place
  meets West Farms Road, thence southerly along said road  to  East  172nd
  Street,  thence  westerly  along  said  street  to  Boone Avenue, thence
  southerly along said avenue to Jennings Street,  thence  westerly  along
  said  street  to  Vyse  Avenue,  thence  southerly  along said avenue to
  Freeman Street, thence westerly along said street to  Intervale  Avenue,
  thence  southerly  along  said  avenue  to Fox Street, thence along said
  street to Home Street, thence westerly along said street to  East  169th
  Street,  thence  westerly  along  said street to Prospect Avenue, thence
  southerly along said avenue to East 168th, thence  westerly  along  said
  street  to Washington Avenue, thence northerly along said avenue to East
  Tremont Avenue, thence easterly along said avenue  to  Crotona  Parkway,
  thence  along  said  parkway  to Cross Bronx Expressway, thence easterly
  along said expressway to Longfellow Avenue, thence northerly along  said
  avenue  to  Rodman  Place,  thence  easterly  along  said  place  to its
  intersection with West Farms Road, the point of beginning.
    (ii) In the county of Bronx, Beginning at a point where Belmont Street
  meets Webster Avenue, thence southerly along Webster avenue to Claremont
  Parkway, thence easterly along said  parkway  to  Brook  Avenue,  thence
  southerly  along said avenue to East 171st Street, thence westerly along
  said street to Webster Avenue, thence southerly  along  said  avenue  to
  Park  Avenue,  thence  westerly  along said avenue to East 164th Street,
  thence westerly along said street to  Teller  Avenue,  thence  northerly
  along  said  avenue  to  East  165th  Street, thence westerly along said
  street to Grand Concourse, thence northerly  along  Grand  concourse  to
  Mount  Eden  Parkway, thence easterly along said parkway to Clay Avenue,
  thence southerly along said avenue to Belmont  Street,  thence  easterly
  along said street to Webster Avenue, the point of beginning.
    (d)  Any  tax lots now existing or hereafter created which are located
  entirely within the geographic area in the borough of Queens bounded and
  described as follows:

    (i) In the county of Queens, Beginning at a point  where  54th  Street
  meets  Broadway,  thence  southeasterly  along  Broadway to 64th Street,
  thence southerly along said Street to 39th Avenue, thence westerly along
  said avenue to 54th Street, thence northerly along said  street  to  its
  intersection with Broadway, the point of beginning.
    (ii)  In the County of Queens, Beginning at a point where 131st Street
  meets Fowler Avenue, thence easterly  along  Fowler  Avenue  to  College
  Point  Boulevard,  thence northerly on said Boulevard to Interstate 678,
  thence southerly along said Interstate to its intersection  with  Fowler
  Avenue, the point of beginning.
    (iii)  In  the  County of Queens, Beginning at a point where 94 Street
  meets 52nd Avenue, thence westerly along said  avenue  to  92nd  Street,
  thence northerly along said street to 50th Avenue, thence westerly along
  said  avenue  to 91st Street, thence northerly along said street to 48th
  Avenue, thence  westerly  along  said  avenue  to  90th  Street,  thence
  northerly along said street to Corona Avenue, thence westerly along said
  avenue to 88th Street, thence northerly along said street to Long Island
  Rail  Road,  thence  westerly  along  said  railroad to Broadway, thence
  northerly along Broadway to Whitney Avenue, thence easterly  along  said
  avenue  to  Ketcham  Place, thence westerly along said place to Elmhurst
  Avenue, thence northerly along  said  avenue  to  Judge  Street,  thence
  westerly  along  said  street  to Britton Avenue, thence southerly along
  said avenue to Broadway, thence westerly along Broadway to 41st  Avenue,
  thence westerly along said avenue to 75th Street, thence northerly along
  said  street to Broadway, thence westerly along Broadway to 74th Street,
  thence southerly along said street to 41st Avenue, thence westerly along
  said avenue to 73rd  Street,  thence  southerly  along  said  street  to
  Woodside  Avenue,  thence  westerly  along  said avenue to CSX Railroad,
  thence northerly along said railroad to  41st  Avenue,  thence  westerly
  along  said Avenue to 69th Street, thence northerly along said street to
  Roosevelt Avenue, thence easterly along said  avenue  to  CSX  Railroad,
  thence  along  said railroad to Broadway, thence easterly along Broadway
  to 69th Street, thence northerly  along  said  street  to  70th  Street,
  thence  along  said  street  to 69th Street, thence along said street to
  35th Avenue, thence easterly along said avenue to  73rd  Street,  thence
  southerly  along  said  street  to 37th Road, thence easterly along said
  road to 75th Street, thence northerly along said street to 37th  Avenue,
  thence westerly along said avenue to 74th Street, thence northerly along
  said  street  to  35th Avenue, thence easterly along said avenue to 81st
  Street, thence northerly  along  said  street  to  34th  Avenue,  thence
  easterly  along  said avenue to 82nd Street, thence southerly along said
  street to 35th Avenue, thence easterly along said avenue to 84th Street,
  thence southerly along said street to 37th Avenue, thence easterly along
  said avenue to 85th  Street,  thence  southerly  along  said  street  to
  Roosevelt  Avenue,  thence  easterly  along  said avenue to 88th Street,
  thence northerly along said street to 37th Avenue, thence easterly along
  said avenue to 90th  Street,  thence  southerly  along  said  street  to
  Roosevelt  Avenue, thence easterly along said avenue to Elmhurst Avenue,
  thence northerly along said avenue  to  93rd  Street,  thence  southerly
  along said street to Roosevelt Avenue, thence easterly along said avenue
  to  94th  Street,  thence  southerly  along  said street to 43rd Avenue,
  thence easterly along said avenue to 94th Street, thence southerly along
  said street to Alstyne Avenue, thence  westerly  along  said  avenue  to
  Corona  Avenue, thence easterly along said avenue to 94th Street, thence
  southerly on said street to its intersection with 52nd Avenue, the point
  of beginning.
    (iv) In the county of Queens, Beginning at a point where  26th  Avenue
  meets  14th  Street,  thence southerly along said street to 34th Avenue,

  thence westerly along said avenue to 12th Street, thence southerly along
  said street to 40th Avenue, thence westerly along said  avenue  to  10th
  Street,  thence  southerly  along 10th Street to 41st Road, to the point
  where  a line extended from 11th Street meets Queens Plaza South, thence
  southerly along 11th Street to 43rd Avenue, thence easterly  along  said
  avenue  to  Jackson  Avenue, thence westerly along said avenue to Purves
  Street, thence southerly along said street to  Thompson  Avenue,  thence
  easterly  along  said  avenue  to Skillman Avenue, thence westerly along
  said avenue to 49th Avenue, thence westerly along said  avenue  to  11th
  Street,  thence  southerly  along said street to the Queens/Kings county
  border, thence westerly along said border to the New York/ Queens county
  border, thence northerly to 26th  Avenue,  thence  easterly  along  said
  avenue to the point of beginning.
    (e)  Any  tax lots now existing or hereafter created which are located
  entirely within the geographic area in  the  borough  of  Staten  Island
  bounded and described as follows:
    In  the  County of Richmond, Beginning at a point where Clifton Avenue
  intersects Edgewater Street,  thence  northerly  along  said  street  to
  Lynhurst  Avenue,  thence  westerly  along said avenue to Langere Place,
  thence northerly along said place  to  Willow  Avenue,  thence  westerly
  along  said  avenue  to  Staten  Island  Rapid  Transit Railroad, thence
  northerly along said railroad to Staten Island  Rapid  Transit  Railroad
  east/west,  thence  westerly  along  said  railroad  to Chestnut Avenue,
  thence northerly along said avenue to  Mosel  Avenue,  thence  southerly
  along  said  avenue to Manton Place, thence westerly along said place to
  Hanover Avenue, thence northerly  along  said  avenue  to  Palma  Drive,
  thence  westerly  along  said  drive  to Targee Street, thence northerly
  along said street to Metcalfe Street, thence westerly along said  street
  to  Van  Duzer  Street,  thence  southerly along said street to Hillside
  Avenue, thence westerly along  said  avenue  to  Howard  Avenue,  thence
  southerly  along  said avenue to Highland Avenue, thence northerly along
  said avenue to Arlo Road, thence easterly  along  said  road  to  Howard
  Avenue,  thence  northerly  along  said  avenue  to  Greta Place, thence
  westerly along said place to Duncan Road, thence  northerly  along  said
  road  to  Theresa  Place,  thence  westerly  along said place to Victory
  Boulevard, thence northerly  along  said  boulevard  to  Forest  Avenue,
  thence   westerly   along   said   avenue  to  Brighton  Avenue,  thence
  northeasterly along said avenue to Lafayette  Avenue,  thence  northerly
  along said avenue to Arnold street, thence westerly along said street to
  Ellicott  Place,  thence  northerly along said place to Prospect Avenue,
  thence westerly along said avenue to Clinton  Avenue,  thence  northerly
  along said avenue to Henderson Avenue, thence westerly along said avenue
  to Tysen Street, thence northerly along said street to Richmond Terrace,
  thence  westerly  along  said terrace to Jewett Avenue, thence southerly
  along said avenue to Forest Avenue, thence westerly along said avenue to
  Morningstar Road, thence southerly along  said  road  to  Monsey  Place,
  thence  westerly  along  said  place to Sanders Street, thence southerly
  along said street to Wilcox Street, thence westerly along said street to
  Eunice Place, thence northerly along said place to Forest Avenue, thence
  westerly along said avenue to Heaney Avenue, thence southerly along said
  avenue to Wilcox Street, thence westerly  along  said  street  to  Amity
  Place,  thence  northerly  along  said  place  to  Wemple Street, thence
  westerly along said street to South Avenue, thence northerly along  said
  avenue  to  Forest Avenue, thence westerly along said avenue to Goethals
  Road North, thence along said road to Western Avenue,  thence  northerly
  along  said  avenue  to the Staten Island Rapid Transit Railroad, thence
  easterly along said railroad to  a  line  extended  south  from  Holland
  Avenue,  thence  northerly  along  said line extended to Holland Avenue,

  thence along said avenue to Benjamin Place, thence easterly  along  said
  place  to  Arlington  Avenue,  thence  southerly  along  said  avenue to
  Arlington Place, thence easterly along said place to  Grandview  Avenue,
  thence  southerly  along said avenue to Davidson Street, thence easterly
  along said street to Andros Avenue, thence southerly along  said  avenue
  to  a  line extended to the Staten Island Rapid Transit Railroad, thence
  easterly along said railroad to Van Name Avenue, thence northerly  along
  said  avenue  to Richmond Terrace, thence easterly along said terrace to
  Wright Avenue, thence northerly along said avenue to a line extended  to
  the  northern  shore  of  Staten  Island,  thence  easterly  along  said
  shoreline to Bayonne Bridge, thence northerly along said bridge  to  the
  New York/New Jersey state line, thence easterly along said state line to
  the  Kings/Richmond county line, thence southerly along said county line
  to a point where it meets a line extended from  Clifton  Avenue,  thence
  westerly  along  said  line  extended  to the point where Clifton Avenue
  intersects Edgewater Street, the point of beginning.
    12.  An  agreement  with  the  local  housing  agency  to  create   or
  substantially   rehabilitate   offsite   housing   units  affordable  to
  households of low and moderate income, shall remain in  full  force  and
  effect.  The  housing  units  developed pursuant to such agreement shall
  continue to make a building or buildings located in geographic exclusion
  areas as defined  in  this  subdivision  eligible  to  receive  benefits
  pursuant  to  this section notwithstanding the provisions of subdivision
  seven or nine of this section or any exemption cap provided in local law
  provided that the agreement with the local housing  agency  was  entered
  into  prior to December twenty-eighth, two thousand six and construction
  of the building receiving benefits pursuant to this section is commenced
  on or before June thirtieth, two thousand nine.
    13. (a) As used in this subdivision, "UDC Large Scale  Project"  shall
  mean a multi-phase project that (i) includes the development of at least
  twenty-five  hundred  new  dwelling  units,  (ii)  is  being implemented
  pursuant to a General Project Plan adopted by the New York  State  Urban
  Development Corporation and approved by Public Authorities Control Board
  or  is  otherwise  set forth in agreements with the New York State Urban
  Development Corporation, (iii) includes a development over a single area
  containing a number of contiguous city blocks, and  (iv)  the  units  in
  which, in the aggregate for each successive fifteen hundred units of the
  project  rather  than for each multiple dwelling containing such fifteen
  hundred units and in the aggregate for the entire  project  rather  than
  for  each  multiple  dwelling  in  the project, meet the requirements of
  paragraph (c) of subdivision seven of this section.
    (b) Except as otherwise provided in subparagraph (iv) of paragraph (a)
  of this subdivision, no portion of a UDC Large Scale  Project  shall  be
  subject  to  the  requirements  of paragraph (c) of subdivision seven of
  this section.
    (c) With respect to any multiple dwelling in a UDC Large Scale Project
  that meets the requirements of paragraph (c)  of  subdivision  seven  of
  this  section,  the  period  of  tax  benefits  awarded to such multiple
  dwelling shall be the same as the period of tax benefits  awarded  under
  clause  (A) of subparagraph (iii) of paragraph (a) of subdivision two of
  this section. With respect to any multiple dwelling in a UDC Large Scale
  Project that  does  not  meet  the  requirements  of  paragraph  (c)  of
  subdivision seven of this section, the period of tax benefits awarded to
  such  multiple  dwelling shall be the same as the period of tax benefits
  awarded under clause (A)  of  subparagraph  (ii)  of  paragraph  (a)  of
  subdivision  two  of  this  section.  The  tax  benefits  awarded to any
  multiple dwelling in a UDC Large Scale Project shall commence  upon  the
  commencement  of  construction  of  such  multiple  dwelling,  provided,

  however, that such multiple dwelling meets all of the  requirements  for
  tax  benefits  pursuant  to  this  section.  For each successive fifteen
  hundred units of a UDC Large Scale Project,  the  local  housing  agency
  must  certify  the  completion  of  any  affordable units, as defined in
  subparagraph (i) of paragraph (a) of subdivision seven of this  section,
  required   to  qualify  any  multiple  dwelling  or  multiple  dwellings
  comprising such fifteen hundred  units  for  any  tax  benefits  awarded
  pursuant  to this paragraph. The existence of such special certification
  requirement and its financial impact upon all units, including, but  not
  limited  to,  revocation  of  tax  benefits  awarded  pursuant  to  this
  paragraph if such special certification requirement is not met, shall be
  disclosed as a special risk in any offering plan for any units in a  UDC
  Large Scale Project.
    (d) With respect to any UDC Large Scale Project located in whole or in
  part  within  community district number eight in the borough of Brooklyn
  in the city of New York, notwithstanding the provisions of  subparagraph
  (ii) of paragraph (d) of subdivision seven of this section, the priority
  specified  in  such  subparagraph  shall  be granted to the residents of
  community districts two, three, six and eight of such borough.
    14. The provisions of subdivisions seven  and  nine  of  this  section
  shall  not  apply  to (1) multiple dwellings which commence construction
  prior to July first, two thousand eight; or (2)  where  commencement  of
  construction is delayed as a result of litigation relating to a contract
  for  the  purchase  of  real  property  entered  into  prior to December
  twenty-eight, two thousand six and in which a judgment was entered prior
  to the effective date of this  subdivision  provided  that  construction
  commences  within  a  reasonable  time  after  final  resolution  of the
  litigation; or (3) where benefits pursuant to this  section  are  sought
  for  a  building  located  on a site requiring environmental remediation
  construction and a certificate of completion pursuant to section 27-1419
  of the environmental conservation law has  been  issued  prior  to  July
  first,  two  thousand  eight,  provided  that  construction is completed
  without undue delay; or (4) a project which (i) on  or  before  December
  thirty-first,  two  thousand  six, such project receives special permits
  pursuant to the New York city zoning  resolution  with  respect  to  all
  buildings  to  be  constructed  on  the  development  site,  and (ii) on
  December thirty-first, two thousand six, a portion of  such  development
  site  was  owned by the state of New York and contained a New York power
  authority  temporary  generating  facility,  and  (iii)   such   project
  commenced  construction  before  the  later  of  three  years  from  the
  effective date of local law number fifty-eight of the city of  New  York
  for the year two thousand six or eighteen months from the removal of all
  such temporary generating facilities.
    15.  Paragraphs  two through four of subdivision (a) of section 11-245
  of the administrative code of the city  of  New  York  and  subdivisions
  (b-1) and (b-2) of section 11-245 of the administrative code of the city
  of New York, as added by local law number fifty-eight of the city of New
  York  for  the  year  two  thousand  six shall not apply to (1) multiple
  dwellings which commence construction prior to July first, two  thousand
  eight;  or (2) where commencement of construction is delayed as a result
  of litigation relating to a contract for the purchase of  real  property
  entered  into  prior  to December twenty-eighth, two thousand six and in
  which a judgment was  entered  prior  to  the  effective  date  of  this
  subdivision  provided  that  construction  commences within a reasonable
  time after final resolution of the litigation;  or  (3)  where  benefits
  pursuant  to  this  section  are sought for a building located on a site
  requiring environmental remediation construction and  a  certificate  of
  completion pursuant to section 27-1419 of the environmental conservation

  law  has  been  issued prior to July first, two thousand eight, provided
  that construction is completed without undue delay;  or  (4)  a  project
  which  (i)  on  or  before December thirty-first, two thousand six, such
  project  receives  special  permits pursuant to the New York city zoning
  resolution with respect to  all  buildings  to  be  constructed  on  the
  development site, and (ii) on December thirty-first, two thousand six, a
  portion  of such development site was owned by the state of New York and
  contained a New York power authority temporary generating facility,  and
  (iii)  such  project  commenced  construction  before the later of three
  years from the effective date of local law  number  fifty-eight  of  the
  city  of  New York for the year two thousand six or eighteen months from
  the removal of all such temporary generating facilities.