Skip to content

Implementation of the Real Property Tax Incentive Program Which Replaces the J-51 Program

Print Friendly, PDF & Email


Rule status: Proposed

Agency: HPD

Comment by date: March 25, 2025

Rule Full Text
J-51-Reform-Program-Certified-Proposed-Rules.pdf

The proposed rules implement the real property tax abatement program enacted by Real Property Tax Law Section 489(21) and NYC Administrative Code Section 11-243.2.

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 March 18, 2025

Send comments by

  • Email: [email protected]
  • Mail: HPD Tax Incentives Program, 100 Gold Street Room/Floor: 8D-09 ; New York, New York 10038

Public Hearings

Date

March 25, 2025
11:00am - 12:00pm EDT

Location



Connect Virtually
https://nychpd.webex.com/nychpd/j.php?MTID=mb9183a18285145f23b0340ed60bc4257
If prompted to provide a password or number, please enter the following: Meeting Number: 2334 083 5384 Password: fxKiAHNN239

Disability Accommodation
  • Closed Captioning

Comments close by March 25, 2025

Add a comment

Notes. "Required" indicates a required field. Your email address will not be made public.

Online comments: 2

  • Bob

    HPD’s Certified Reasonable Cost Schedule is not based in reality. It doesn’t even match DHCR’s already below market cost schedule. This makes the program a non-starter. If the city truly cares about preserving and improving affordable housing we need a cost schedule that matches the actual costs on the ground, and has built paths to address the rampant inflation of costs the city continues to impose on us.

    Comment added February 20, 2025 1:38am

  • RGB Victim

    Why don’t your cost schedules align with NY HCR’s?

    Comment added February 22, 2025 2:09pm