§ 467-c. Exemption for property owned by certain housing companies or\nsublessees of the battery park city authority and occupied by senior\ncitizens or persons with disabilities. 1. Definitions. As used in this\nsection:\n a. "Commissioner" means the commissioner of the state division of\nhousing and community renewal.\n b. "Dwelling unit" means that part of a dwelling in which an eligible\nhead of the household resides and (1) which is subject to the provisions\nof Article II, IV, V, or XI of the private housing finance law or that\nwas formerly subject to the provisions of Article II of such law and\nmeets the conditions set forth in subdivision thirteen of this section;\nor (2) which was or continues to be subject to a mortgage insured or\ninitially insured by the federal government pursuant to section two\nhundred thirteen of the National Housing Act, as amended, in which an\neligible head of the household resides; or (3) which is within an\napplicable battery park city property.\n c. "Eligibility date" means the later of (1) January first, nineteen\nhundred seventy-five or (2) the last day of the month in which a person\nbecame an eligible head of a household in the dwelling unit in which\nsuch person resides at the time of filing the most recent application\nfor benefits hereunder; or in the case of a dwelling subject to a\nmortgage insured or initially insured by the federal government pursuant\nto section two hundred thirteen of the National Housing Act, as amended,\n"eligibility date" means the later of (1) July first, nineteen hundred\nseventy-seven, or (2) the last day of the month in which a person became\nan eligible head of a household in the dwelling unit in which such\nperson resides at the time of filing the most recent application for\nbenefits hereunder.\n d. "Eligible head of the household" means * (1) a person or his or her\nspouse who is sixty-two years of age or older and is entitled to the\npossession or to the use and occupancy of a dwelling unit, provided,\nhowever, with respect to a dwelling which was subject to a mortgage\ninsured or initially insured by the federal government pursuant to\nsection two hundred thirteen of the National Housing Act, as amended\n"eligible head of the household" shall be limited to that person or his\nor her spouse who was entitled to possession or the use and occupancy of\nsuch dwelling unit at the time of termination of such mortgage, and\nwhose income when combined with the income of all other members of the\nhousehold, does not exceed six thousand five hundred dollars for the\ntaxable period, or such other sum not less than sixty-five hundred\ndollars nor more than twenty-five thousand dollars beginning July first,\ntwo thousand five, twenty-six thousand dollars beginning July first, two\nthousand six, twenty-seven thousand dollars beginning July first, two\nthousand seven, twenty-eight thousand dollars beginning July first, two\nthousand eight, twenty-nine thousand dollars beginning July first, two\nthousand nine, and fifty thousand dollars beginning July first, two\nthousand fourteen, as may be provided by local law; or\n * NB Effective until June 30, 2026\n * (1) a person or his or her spouse who is sixty-two years of age or\nolder and is entitled to the possession or to the use and occupancy of a\ndwelling unit, provided, however, with respect to a dwelling which was\nsubject to a mortgage insured or initially insured by the federal\ngovernment pursuant to section two hundred thirteen of the National\nHousing Act, as amended "eligible head of the household" shall be\nlimited to that person or his or her spouse who was entitled to\npossession or the use and occupancy of such dwelling unit at the time of\ntermination of such mortgage, and whose income when combined with the\nincome of all other members of the household, does not exceed six\nthousand five hundred dollars for the taxable period, or such other sum\nnot less than sixty-five hundred dollars nor m
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