You are now able to search for properties that have J-51 exemptions in all five boroughs

The J-51 Program is administered by the NYC Department of Housing Preservation and Development (HPD) to encourage the renovation of residential properties by granting partial tax exemption and abatement benefits. Benefits vary, depending on the location of the property and the extent and nature of the improvements.

HPD determines eligibility for this program, and Finance implements the benefits once HPD approves your application. Please refer to the HPD site for further information on eligibility and on applying to this program.

Once approved, you will receive a Certificate of Eligibility from HPD along with the property tax abatement application, which you can then return to Finance.

J-51 Exemption Look up
You are now able to search for properties that have J-51 exemptions. A detailed listing of J-51 properties in all five boroughs, according to tax year, is now available. This listing consists of all apartment buildings receiving the J-51 exemption. Rental buildings receiving the exemption are listed first. Under the law, building owners that receive J-51 benefits may not deny housing because a resident or prospective resident uses or is eligible for housing assistance programs, including Federal Section 8 vouchers or the Senior Citizen Rent Increase Exemption (SCRIE).

For more information, visit http://www.nyc.gov/html/dof/html/home/home.shtml

SHARE
Previous articleFTC Challenges A&P’s Proposed Acquisition of Pathmark Supermarkets
Next articleArbor Realty Trust to Present at the 11th Annual Wachovia Global Real Estate Securities Conference