26efdaaa__Standing_Committee_on_Housing__SUBJECT
[BILL #] A.8133 [SPONSOR] Rules (Brodsky) [SUBJECT] 
Would authorize municipalities to enter into contracts with redevelopment companies to exempt the real property of such companies from local and municipal real property taxes for a term commensurate with the term of the mortgage on such property made by the New York State Housing Finance Agency (HFA) instead of the current term of twenty-five years. It would also give the municipality the option of entering into a contract that will be co-terminus with the Agency's permanent financing.
2003 Annual Report of the NYS Assembly Standing Committee on Housing
SUBJECT