If you have apartments now or in the future that are specifically constructed or retrofitted to be accessible to people with mobility impairments, or apartments in elevator buildings or on the first floor, please visit http://nycha.gosection8.com/ to list your apartments Participants with mobility impairments will contact you to express interest in these apartments.
There are advantages to renting apartments to Section 8 mobility impaired applicants. When a participant needs a higher rent ceiling as a reasonable accommodation, NYCHA will request HUD’s permission (where appropriate) for special rent ceilings of up to 10% above NYCHA’s normal payment standard for suitable apartments. You may also be entitled to tax credits, tax deductions, or loans for making apartments accessible. You may wish to consult with your legal or tax advisor regarding these incentives, and your eligibility for them. Following is a partial listing of sources to consult for more information on these incentives.
PARTIAL LIST OF SOURCES
- www.ada.gov/taxpack.htm regarding an annual federal tax credit for qualified small businesses for “eligible access expenditures” under the American with Disabilities Act, and an annual $15,000 tax deduction for removing architectural or transportation barriers. regarding federal mortgage insurance to finance.
- www.hud.gov regarding federal mortgage insurance to finance improvements to multifamily properties.
- www.nyhomes.org regarding a New York State Housing Finance Agency tax-exempt financing program for multi-family projects, in which 20% of the apartments are set aside for low income households.
- www.dhcr.state.ny.us regarding a New York State Division of Housing and Community Renewal low-income housing credit program, providing a reduction in federal income tax liability for developing, rehabilitating and acquiring rental housing for low-income households.