9 NYCRR § 2522.4 — Adjustment of legal regulated rent (Rent Stabilization Code, via Cornell LII)

Citation
9 NYCRR § 2522.4 — Adjustment of legal regulated rent (Rent Stabilization Code, via Cornell LII)
Jurisdiction
New York (state)
Source verification
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2522.4 ↗

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649 chars 
(g) Pursuant to section 452(7) of
the PHFL, as an alternative to the rental adjustments for which an owner may
file an application under subdivision (a) or (b) of this section, upon the
completion of the rehabilitation of a multiple dwelling which is aided by a
loan made pursuant to article VIII-A of the PHFL, HPD may adjust the rent for
each housing accommodation within the multiple dwelling pursuant to such law.
Any work required pursuant to or as a condition of an article VIII-A loan for
which a rent adjustment is granted under section 452(7) of the PHFL is not
eligible for an increase pursuant to paragraph (c) (2) or (3) of this
section.