Legislation Introduced to Audit 20 Percent of 421-a Buildings

Two bills, Int. 1366 and Int. 1359, were recently introduced in the City Council by the chamber’s housing committee chair, Jumaane Williams, and Stephen Levin. The first bill would require HPD to audit a certain number of buildings receiving benefits under section 421-a of the real property tax law annually to determine whether such buildings are in compliance with applicable rent registration requirements.