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A Michael R. Bloomberg Mayor Edna Wells Handy Commissioner Department of Citywide Administrative Services Victor Valise Commissioner Mayor s Office for People with Disabilities Equal Employment Opportunity
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55 a program is a tax incentive program designed to encourage the development of affordable rental housing.
Developers and owners of affordable rental housing projects are required to file 55 a program.
To fill out a 55 a program, developers and owners must submit the required forms and documents to the relevant tax authority.
The purpose of 55 a program is to provide financial incentives for the development and preservation of affordable rental housing.
Developers and owners must report information about the affordable rental housing project, including development costs, rental rates, and tenant demographics.
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