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State of New York Division of Housing and Community Renewal Office of Rent Administration Website: www.hcr.ny.govGertz Plaza 9231 Union Hall Street Jamaica, New York 11433NOTICE OF 421a (16) APARTMENT
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To fill out the notice of 421-a 16, follow these steps:
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Begin by entering the date in the designated space at the top of the form.
03
Provide your name, address, and contact information in the appropriate fields.
04
Include the name and address of the person or entity you are providing notice to.
05
Specify the address of the property that is subject to the notice of 421-a 16.
06
Indicate the type of benefits being sought or applied for under the 421-a program.
07
Enter the dates related to the commencement of construction and the anticipated completion date.
08
Provide information about the total number of dwelling units and square footage of the project.
09
Include any additional information or attachments that are required.
10
Sign and date the notice to certify its accuracy.
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Keep a copy of the completed notice for your records.

Who needs notice of 421-a 16?

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The notice of 421-a 16 is typically needed by individuals or entities participating in the 421-a tax exemption program in New York City. This notice is required to provide information about the construction and planned development of eligible properties in order to receive certain tax benefits. Developers and property owners who are applying for or currently receiving benefits under the 421-a program would need to fill out this notice.
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Notice of 421-a 16 is a form that must be filed by developers or property owners in New York City who are claiming the 421-a tax exemption for new construction or substantial rehabilitation projects.
Developers or property owners in New York City who are claiming the 421-a tax exemption for new construction or substantial rehabilitation projects are required to file the notice of 421-a 16.
Notice of 421-a 16 must be filled out accurately and completely with all required information about the project, including details on the property, the developer, the construction or rehabilitation work, and the requested tax exemption.
The purpose of notice of 421-a 16 is to inform the Department of Housing Preservation and Development (HPD) of the developer's intention to claim the 421-a tax exemption for their project and to provide necessary details for evaluation and approval.
The notice of 421-a 16 must include information such as the address of the property, the developer's contact details, details of the construction or rehabilitation work being undertaken, estimated project costs, and the requested tax exemption amount.
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