Gov. Kathy Hochul has signed legislation that will authorize the city to replace the J-51 program, which expired in June 2022, with the Affordable Housing Rehabilitation Program. The new program, Crain’s reports, will mirror J-51 by providing co-op and condo boards and landlords with property tax exemptions in exchange for renovating multifamily buildings. Read the article………………………………….
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November 20, 2013
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