Tax Break

Investors can get tax breaks from the federal government by investing in certain types of less profitable developent, such as affordable housing. The most common tax break program is the…

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J51

A program governed by Sections 11-243 and 11-244 of the New York City Administrative Code (formerly numbered J-51) under which, in order to encourage development and rehabilitation, property tax abatements…

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SCRIE/DRIE

If a tenant or tenant’s spouse is 62 years of age or over (living in a rent regulated apartment) and the combined household income is at or below a certain…

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Section 8

The Housing Choice Voucher program, also known as Section 8, is a federally funded program providing vouchers to low-income renters to subsidize their housing costs in privately owned buildings. This…

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