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NYC Government Publication

 

Audit on the Implementation of 421(A) Incentive Program Tax Benefits for Properties in Manhattan by the Department of Finance

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The Section 421(a) program provides tax exemption benefits to owners of residential real property who construct new multiple dwellings or convert, alter, or improve existing buildings for residential use. The Department of Housing Preservation and Development is responsible for administering the program and issuing a certificate of eligibility to property owners it deems eligible and who meet program requirements.

Agency
Subject
Report type
  • Audit Report
Date published
  • 2009-10-06