What types of financial records constitute “income documentation”?
A. DHCR rules define “income documentation” as “the most recent financial statement, independent auditor’s report and rent roll for the residential real property or, if the most recent financial statement does not reflect twelve (12) months of occupancy, the most recent operating budget approved by the municipal, state, or federal government, or instrumentality thereof, that is party to the regulatory agreement” (9 NYCRR ยง2656.2(c)).
