N.Y. Comp. Codes R. & Regs. tit. 9 § 1902.3

Current through Register Vol. 46, No. 36, September 4, 2024

Section 1902.3 - Duration

(a) For rental, condominium or cooperative projects, resale and occupancy restrictions shall apply for a period of 20 years following the completion of construction, rehabilitation or conversion, or for the period during which any loan or indebtedness hereunder remains outstanding, whichever is greater.

(b) For homesteading projects, resale and occupancy restrictions shall apply for a period of 15 years following completion of construction, rehabilitation or conversion, or for the period during which any loan or indebtedness hereunder remains outstanding, whichever is greater.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 1902.3