Rule Amendments Regarding Certification of Costs for J-51 Benefits

Adopted Rules: Closed to Comments

Effective Date: 
Thursday, November 23, 2017
Download Copy of Adopted Rule (.pdf): 

HPD’s rule amendments conform the proof of the applicant's actual expenditures required as part of the application for J-51 benefits to the relevant professional standards for Certified Public Accountants. The amendments allow Certified Public Accountants to provide HPD with satisfactory evidence of the J-51-related cost of construction while avoiding any conflict with professional standards by using terms consistent with the relevant professional standards for “attest engagements.”