The New 421a offers an enhanced 35 year benefit program.Learn More
The J51 Tax Program is for rehabilitation or conversion to multiple dwellings.Learn More
The ICAP Program is for industrial and commercial buildings.Learn More
Developers must follow HPD marketing & tenant selection procedures.Learn More
Applicant evaluation, post lottery is highly regulated and complex.Learn More
Properties which receive 421a benefits must demonstrate HPD compliance.Learn More
Approximately 90% of applicants for 130% AMI projects are ineligible. CompliBuddy identifies such conditions and automates required notices to applicants.
Swift applicant eligibility processes post lottery and workflow automation to ensure compliance with HPD regulations, combined with real time reporting of statistics developers want to know.
Document requirements for applicants are extensive. CompliBuddy provides applicants a login to view document requests, upload documents, and be alerted of missing documents.
HPD requires frequent audits from approved marketing agents. CompliBuddy provides one-click reporting in specified formats to ensure quick HPD Compliance approvals.
Developers are required to start the 421a application processes with HPD at a minumum nine months before the anticipated Certificate of Occupancy issuance. However, most seasoned developers understand the benefits of taking tax incentive programs and regulations into consideration in the early stages of architectural plans.Learn More
Does your development qualify for a 421a Tax Abatement? Are you looking for affordable unit marketing, lottery, & lease-up? Are you looking for proprietary software to ensure success?
We can help.