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Revocation of Tax Benefits

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Rule status: Proposed

Agency: HPD

Comment by date: January 10, 2025

Rule Full Text
HPD-Proposed-Amendment-of-Rules-Governing-Revocation-of-Tax-Incentive-Benefits.pdf

Real Property Tax Law Sections 467-m and 485-x confer authority on HPD to revoke Affordable Housing from Commercial Conversions (AHCC) Program Benefits and Affordable Neighborhoods for New Yorkers (ANNY) Program Benefits for cause. In addition, HPD also has been given the authority to impose penalties for violations of certain program requirements after the AHCC Program Benefits or ANNY Program Benefits, as applicable, expire, and the statutes provide consequences for failure to pay penalties, including criminal prosecution (RPTL § 467-m(17)(d)) and imposition of liens (RPTL § 485-x(21)(b)). The proposed amendments establish the procedures for penalty imposition in Chapter 39 of Title 28.

Attendees who need reasonable accommodation for a disability such as a sign language translation should contact the agency by calling 1 (212) 863-6603 or emailing [email protected] by January 2, 2025

Send comments by

  • Email: [email protected]
  • Mail: John Leonard, TIP Executive Director, 100 Gold Street Room/Floor: 8D-09 ; New York, New York 10038

Public Hearings

Date

January 10, 2025
11:30am - 12:30pm EST

Location

WEBEX

Connect Virtually
https://nychpd.webex.com/nychpd/j.php?MTID=m1a3cf2a092cebf7bafad664bba9e8a2d
If prompted to provide a password or number, please enter the following: Meeting Number: 2335 492 5669 Password: rKpPhJV5k53 You may also join the hearing via device audio or dial-in via phone. To join by video system: Dial [email protected] You can also dial 173.243.2.68 and enter your meeting number. To dial-in via phone, please use the following dial in number and participant code: Phone Number: 1-646-992-2010 Access Code: 2335 492 5669 If you have low bandwidth or inconsistent internet connection, use the dial-in option for the hearing. This will reduce the possibility of dropped audio and stutters.

Disability Accommodation
  • Closed Captioning

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