Sec. 508.3. Eligibility

An owner is eligible for a program incentive, if:

(a) a complete application for a request for a program incentive has been received by the authority with respect to a residential building with qualified occupied square footage, in accordance with the procedure prescribed by section 508.9 of this Part; and

(b) the residential building:

(1) is a new residential building that:

(i) has completed construction for purposes of receiving; and

(ii) has received a certificate of occupancy on or after January 1, 2010, but before October 31, 2013; or

(2) is an existing residential building that:

(i) has completed substantial renovation; and

(ii) has received a certificate of occupancy or certificate of completion, or other documentation issued by the State or a municipality indicating that construction is complete, on or after January 1, 2010, but before October 31, 2013.