SCRIE / DRIE Rent Freeze
NYC Admin. Code §§ 26-509 (SCRIE & DRIE for rent-regulated housing) & 26-601 et seq. (SCRIE for Mitchell-Lama/PHFL/§213 housing); N.Y. Real Property Tax Law §§ 467-b (SCRIE) & 467-c (DRIE); 19 RCNY Ch. 52
The NYC Rent Freeze Program (SCRIE for tenants 62+, DRIE for tenants 18+ with a qualifying disability) freezes the rent of eligible low-income tenants in rent-regulated housing and reimburses owners for the foregone increases through a dollar-for-dollar real property tax abatement credit administered by the Department of Finance, equal to the difference between the frozen rent and the legal rent. To qualify, a tenant must meet the age/disability requirement, have combined household income of $50,000 or less, and pay more than one-third of monthly household income in rent.
Who must comply
Other DOF regulations
RPTT Rules (19 RCNY Ch. 23)
19 RCNY Chapter 23 (Rules Relating to the Real Property Transfer Tax)
STAR
N.Y. Real Property Tax Law § 425 (Basic & Enhanced STAR)
Coop/Condo Property Tax Abatement
N.Y. Real Property Tax Law § 467-a
Co-op/Condo Tax Abatement
N.Y. Real Property Tax Law § 467-a; N.Y.C. Admin. Code § 11-245.4; 19 RCNY Ch. 50
ICAP
N.Y. Real Property Tax Law §§ 489-aaaaaa to 489-kkkkkk; NYC Admin. Code §§ 11-268 to 11-278; 19 RCNY Ch. 36
NYC Property Tax Classes & Assessment Caps
N.Y. Real Property Tax Law Art. 18 §§ 1801-1806 (esp. § 1802 classification, § 1805 assessment increase caps)
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