J-51 Property Tax Abatement Program Renewal
Sector: Commercial • Location: New York City, New York, United States
Source: The Real Deal
State lawmakers revived and expanded the J-51 property tax abatement program for certain multifamily landlords, co-ops, and condos to offset part of the cost of building-wide upgrades. The program increases the abatement’s value, expands eligibility for co-ops and condos, and renews the program for 10 years. However, the affordability threshold for multi-family rental buildings remains unchanged,
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | State lawmakers revived and expanded the J-51 property tax abatement program for certain multifamily landlords, co-ops, and condos to offset part of the cost of building-wide upgrades. The program increases the abatement’s value, expands eligibility for co-ops and condos, and renews the program for 10 years. However, the affordability threshold for multi-family rental buildings remains unchanged, limiting participation. The program aims to support building renovations, including climate-friendly retrofits to meet emission limits. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |