Tax Credits and Incentives

Tax Credits and Incentives

  • About Tax IncentivesLearn about the agency's tax incentives for investments that benefit the public.
  • Low Income Housing Tax Credits (LIHTC)Tax credits for new construction or rehab projects with low-income set-asides.
  • 420-aComplete tax exemption for HDFC-owned housing with on-site social services.
  • 420-cComplete or partial tax exemption for low-income housing developed with tax credits.
  • 421-aPartial tax exemption for new multiple dwellings
  • 421-bPartial tax exemption for new construction or substantial rehabilitation or owner-occupied one- and two-family homes.
  • 421-gTax exemption and abatement for conversion of commercial buildings to multiple dwellings in downtown Manhattan.
  • Article XITax exemption for HDFC-owned new construction or rehabilitation.
  • J-51As-of-right tax exemption and abatement for residential rehabilitation or conversion to multiple dwellings.
  • UDAAPTax exemption for rehabilitation or new construction of housing in UDAAP areas.