Residential property owners are advised that DHCR has issued FAQs for the J-51 Rent Registration Initiative that was launched in the beginning of January by Governor Andrew Cuomo.
The issuance of these FAQs come two months after apartment building owners, who currently receive J-51 tax benefits or have received J-51 benefits in the past, received letters from DHCR ordering owners to re-register and return to rent stabilization any apartments that were deregulated while the buildings received J-51 benefits. Numerous questions arose regarding how to comply with DHCR’s letter and DHCR has now issued these FAQs to address those concerns.
These FAQs are now available under the Resources section of our website.
There will be a more in-depth analysis of the FAQs in the April edition of the RSA Reporter. For any questions regarding the FAQs or any questions regarding rent registration, please contact RSA at (212) 214-9200.
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RSA’s top priority is to protect the best interests of the rental housing industry by advocating in the State and City governments.
Although our staff takes pride in advocating on behalf of residential property owners, it is important that you make your voices heard to your local elected officials as well.
Click here if you live in New York City and want to locate and learn more about your local elected officials where you live or where your building is located. If you live outside of the five boroughs, you can locate your elected officials by clicking here.