421a Multiple Dwellings Application is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.
Q: What is the 421a Partial Tax Exemption for New Multiple Dwellings?
A: The 421a Partial Tax Exemption is a program in New York City that provides tax benefits for developers of new multiple dwellings.
Q: Who is eligible to apply for the 421a tax exemption?
A: Developers of new multiple dwellings in New York City are eligible to apply for the 421a tax exemption.
Q: What are the benefits of the 421a tax exemption?
A: The 421a tax exemption can provide developers with reduced property taxes for a specific period of time, which can help make the development more financially viable.
Q: How long does the 421a tax exemption last?
A: The length of the tax exemption period can vary depending on the specific project and location, but it is typically for a period of 10 to 15 years.
Q: What are the requirements to qualify for the 421a tax exemption?
A: To qualify for the 421a tax exemption, developers must meet certain requirements, such as providing a certain percentage of affordable housing units in their development.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the New York City Department of Finance.