Don't let J-51 be renewed with tenant protections!
Ask your Assembly Member to send a letter like the one by Assembly Member Daniel O'Donnell to Speaker Sheldon Silver. Read it below.
While landlords are fighting to renew J-51 and make it more owner-friendly, tenants need more, not less protection from this year's state legislature. That protection includes reform of the Rent Guidelines Board, a cap on Major Capital Improvement increases, and protection from huge rent increases for preferential rent tenants and those in rent controlled apartments (those built before 1947).
Since 1955, New York State and New York City law
have provided for tax benefits to certain property
owners who rehabilitate buildings for residential use.
This tax break, known as “J-51” for its former location in
the New York City Administrative Code, currently benefits
more than a third of the dwelling units in the city in the type
of building to which it is primarily targeted, those with ten
or more units. It is one of the city’s most expensive housing
programs, amounting to $256.6 million in tax expenditures
|Photo by Tenants & Neighbors|
|A.M. Linda Rosenthal|