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Suspension of 421a Tax Exemption Benefit

Benchmark Title Agency LLC > Eblast  > Suspension of 421a Tax Exemption Benefit

Suspension of 421a Tax Exemption Benefit

On March 9, 2018, the New York City Department of Finance (DOF) and Housing Preservation and Development (HPD) announced that they have suspended 421a benefits to more than 1,700 properties across the City for failure to comply with the 421a requirement to file HPD’s Final Certificate of Eligibility with DOF.

There is still time to take action!
The DOF will reverse the suspension IF the property owner submits HPD’s Final Certificate of Eligibility to DOF by May 1, 2018.

Click below to view the DOF website which contains the list of properties currently on the suspension list:
http://www1.nyc.gov/site/finance/benefits/benefits-421a.page.
From this page you can navigate to the list of properties under the heading “2018 421a Compliance.”

Please reach out to any member of our legal team if you have any questions.