Applications Pursuant to RPTL §485-x – ANNY Program Benefits

Rule status: Proposed

Agency: HPD

Comment by date: June 30, 2026

Printable Version of Proposed Rule Text
HPD-Proposed-Amendment-of-Rules-Relating-to-Affordable-Neighborhoods-for-New-Yorkers-Tax-Incentive-Program.pdf

HPD rules govern the requirements for applications for tax exemptions pursuant to Real Property Tax Law Section 485-x (“ANNY Program Benefits”). The proposed amendments would revert to previous best practices under prior versions of this tax benefit program and fix issues with the current timeline of the application process for ANNY Program Benefits for homeownership projects. Specifically, HPD proposes to allow homeownership projects to file their ANNY Program Benefits applications if at least fifty percent of all units have been sold, in order to make it easier for such projects to meet the application filing deadline of one year from completion of construction, provided that proofs of sale for all units in the project are submitted before ANNY Program Benefits are granted.

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Email: [email protected]
Mail: David Knight, Policy & Special Initiatives, 100 Gold Street ; New York, New York

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Tuesday Jun 30 - 11:00am EDT

Date

June 30, 2026
11:00am - 12:00pm EDT

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Comments close by June 30, 2026

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