On July 13, 2016, DEC filed a Notice of Adoption with the New York State Department of State to amend Part 375 which defines the terms "affordable housing project" and "underutilized." These definitions are part of the eligibility requirements for tangible property tax credits for brownfields in New York City. It also amends the "brownfield site" definition in accordance with 2015 statutory changes. The amendments to Part 375 are effective August 12, 2016.
The final rule making documents, including the Assessment of Public Comment, are available on DEC’s website at http://www.dec.ny.gov/regulations/101908.html