Remarks
Chair Marte details UDAAP approval and 40-year Article 11 tax exemption sought by HPD
New York City Council · Oct 20, 2026 · starts 0:01:05 · 20 sec
Chair Marte explains that the applications seek Urban Development Action Area Project approval under Section 691 of the General Municipal Law and approval of a 40-year Article 11 tax exemption under Section 577 of the Private Housing Finance Law.
Christopher Marte
These applications seek an Urban Development Action Area Project UDAP approval pursuant to Section 691 of the General Municipal Law and the approval of a 40-year Article 11 tax exemption pursuant to Section
Christopher Marte
577 of Article 11 of the Private Housing Finance Law.