Relates to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area

Summary

The bill creates a rebate program that returns the difference between a homeowner’s or renter’s ground‑rent payment now and what they paid in a base year, for qualifying residents of the Battery Park project. It applies to owners and renters whose household income is at or below 150 % of the area median income. The goal is to lower housing costs for eligible occupants.

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