J-51 Property Tax Break Reboot
Sector: Commercial • Location: New York, United States
Source: The Real Deal
The State Legislature is approving a revival of the J-51 property tax break as part of the state budget, extending the renovation incentive through 2036 and expanding eligibility to more co-ops and condos. The program renews J-51 for 10 years, increases the benefit cap to cover up to 100% of reasonable rehabilitation costs, and updates the reasonable cost schedule every two years. However, eligibi
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 | The State Legislature is approving a revival of the J-51 property tax break as part of the state budget, extending the renovation incentive through 2036 and expanding eligibility to more co-ops and condos. The program renews J-51 for 10 years, increases the benefit cap to cover up to 100% of reasonable rehabilitation costs, and updates the reasonable cost schedule every two years. However, eligibility remains limited to rental buildings that are at least 50% affordable, excluding many rent-regulated buildings. |
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 |