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DHCR Advisory Opinion 87-2

Citation
DHCR Advisory Opinion 87-2
Jurisdiction
New York (state)
Source
Official source

Full Text

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The New York City Department of Housing Preservation and Development (HPD), administers the SCRIE
program. Under this program, permanent hotel tenants who are 62 years of age or older, and whose “net”
household income is not more than $12,025 per annum, may qualify for exemption from guidelines rent increases,
hardship rent increases, or rent increases based upon major capital improvements. This exemption will only be
from that portion of the rent increase which causes the permanent tenant’s rent to exceed one-third of the “net”
household income, and is not available for increases based on new services or equipment furnished within an
individual housing accommodation. When a senior citizen is granted a rent increase exemption, the owner may
obtain a real estate tax credit from New York City equal to the amount of the exemption. The SCRIE office is
located at 17 John Street, 4th Floor, New York, NY 10007, (212) 566-5413 or 5414.

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