[Amended 9-7-1999 by L.L. No. 7-1999]
Home construction projects which received payments, grants or loans pursuant to Article
XIX of the Private Housing Finance Law and which were constructed without a building permit or were the subject of illegally issued and/or forged building permits and/or certificates of occupancy and which were fraudulently sold to a good faith purchaser, shall be exempt from taxation as set forth in this article.