Latest news & updates

The 2025 DHCR Annual Rent Registration deadline is approaching—stay informed to avoid penalties and ensure compliance.

City of Yes introduces the Uniform Affordability Preference Program (UAP) replacing the Voluntary Inclusionary Housing Pogram (VIH)

MWBE 25% Participation Goal Compliance under 485-x AKA Affordable Neighborhoods for New Yorkers Tax Incentive Benefits Program 

The Industrial and Commercial Abatement Program (ICAP) in New York City has been extended until March 2029

DHCR started sending out Notices of Delinquent Registrations imposing fines of $500 per unit/month

New York City Rent Guidelines Board voted to approve new increase rents on stabilized apartments. The board approved to increase rents by 2.75% on one-year leases and 5.25% on two-year leases.

Projects applying for 421-a(16) Tax Exemption with anticipated construction completion between June 16, 2026 and June 15, 2031 must file a Letter of Intent with HPD before September 12, 2024

A new tax incentive program, known as Section 467-m “Affordable Housing from Commercial Conversions" is now available for the conversion of office buildings to residential housing.