News of interest to FNYHC Members.

June 30, 2021

ABATEMENT EXTENDER SIGNED INTO LAW

On June 29, 2021, Governor Cuomo signed into law the bill introduced by Assembly Member Dan Quart and State Senator John Liu to extend through June 30, 2023 the property tax abatement program for qualifying home owners in housing cooperatives and condominiums in New York City, making it Chapter 184 of the Laws of 2021.
May 5, 2021

NYC PROPERTY TAXES AGAIN FRONT AND CENTER

The Advisory Commission on Property Tax Reform appointed in 2018 by the Mayor and the City Council that issued its Preliminary Report on January 31, 2020, has announced the reopening of its 5-borough hearings on that report which had been postponed by the Covid-19 pandemic.
January 29, 2021

It’s easy to apply for property tax exemptions!

The City of New York offers property tax exemptions for seniors, veterans, clergy members, people with disabilities, and other homeowners. These benefits can reduce property taxes […]
December 22, 2020

HOUSING COOPERATIVES NOW ELIGIBLE FOR PAYCHECK PROTECTION PROGRAM (PPP)

Housing Co-op eligibility was included in the $900 billion pandemic relief package approved by Congress last night. The Paycheck Protection Program (PPP) isthe main stimulus for […]