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RULES GOVERNING THE COURTS OF THE STATE OF NEW JERSEY RULE 4:21A. ARBITRATION OF CERTAIN CIVIL ACTIONS 4:21A1. Actions Subject to Arbitration; Notice and Scheduling of Arbitration (a) Mandatory Arbitration.
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Who needs rule 421a?

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Property owners or developers who qualify for certain tax incentives or exemptions related to new residential construction projects may need to comply with Rule 421a.
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Rule 421a is a tax abatement program in New York City that provides incentives for the construction of affordable housing.
Property owners or developers who are participating in the rule 421a program are required to file the necessary paperwork.
To fill out rule 421a, property owners or developers must provide information about the construction of affordable housing units and submit it to the appropriate city agency.
The purpose of rule 421a is to encourage the development of affordable housing in New York City by providing tax incentives to property owners.
Information such as the number of affordable housing units being constructed, the location of the property, and the timeline for completion must be reported on rule 421a.
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