City Suspends 421-a Benefits to More Than 1,700 Non-Compliant Owners

HPD Commissioner Maria Torres-Springer and Department of Finance Commissioner Jacques Jiha recently announced the suspension of 421-a benefits to more than 1,700 owners who haven’t complied with the requirements of the program. The suspensions are the latest phase of a multi-stage, multi-agency enforcement effort to ensure that properties that receive 421-a tax benefits comply with the rules.

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