421a
Eligibility
The Section 421a Program is administered by the NYC Department of Housing Preservation
and Development (HPD) to promote multi-family residential construction by providing
a declining exemption on the new value that is created by the improvement. The
421a benefits vary depending on location in the City, whether construction is carried out with substantial government assistance, and whether requirements for affordable housing have been met.
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, which you can
then return to Finance along with the 421a application.
You can search for properties that are eligible for the 421a partial tax
exemption. Below is a detailed listing of each property by borough,
neighborhood, building class, tax class, block and lot number, and address.
2008/2009 421a Exempt
Properties
(Descriptive Data as of Final Roll FY 08/09)
(Building Class Data as of Final Roll FY 08/09) |
Adobe PDF |
MS Excel |
| Manhattan |
419k |
2.87M |
| Bronx |
90k |
133k |
| Brooklyn |
445k |
4.04M |
| Queens |
233k |
1.94M |
| Staten Island |
15k |
1.03M |
Forms & Publications
421a Partial Tax Exemption for New Multiple Dwellings
Application
Download
Form (32k)
Contact Information
For program information and eligibility, contact
NYC
Department of Housing Preservation and Development
For questions about 421a application status
Email 421a Application Status
