INCENTIVE DESCRIPTION

State:	NY
Incentive Type:	Property Tax Incentives
Incentive Title:	Other Tax Incentives
Description:	NEW YORK CITY 421 PROPERTY TAX PROGRAM- This program provides for a partial exemption up to 25 years for developments providing affordable housing within a defined geographic designated area. Other developments can receive a 15 year property tax exemption.
Eligibility Requirements:
Geographic Restrictions:	City of New York
Granting Authority:	State of New York

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.