HCR Simplifies Obtaining MCI Increases for Accessibility Ramps

In May 2016, the New York State Homes and Community Renewal (HCR) issued a processing directive allowing applications for a rent increase for installing accessibility ramps as a major capital improvement (MCI). An MCI is a permanent increase in rent for a rent-stabilized or rent-controlled tenant, based on money spent by the owner on building-wide improvements or on replacing a major building system.

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