February 08, 2023

Gov. Kathy Hochul this month pitched a new version as part of her executive budget, but even if it passes, it is not clear that anyone would seek it

Does not appear to exempt taxes on increased valuations resulting from renovation work

Apartments must still be rent-regulated while the landlord gets the benefit, and in many cases beyond that

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December 16, 2021

Buildings must go electric, J-51 is back

Incentive is available for residential renovations and conversions

Beginning in 2024, new buildings in the city will go electric

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December 14, 2021

City Council to raise J-51 from the dead

J-51 abatement and exemption program for the next six month

Committee votes to advance bill reviving tax break for multifamily repair

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June 08, 2021

State renews J-51, putting tax break’s fate in city’s hands

The J-51 ball is now in the city’s court.

Program to subsidize renovations expired a year ago

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