Department of Finance Extends Fine and Interest Reduction Enabling Recovery Program

The program provides financial relief during the pandemic for New Yorkers who owe fines and penalties. On December 20, 2021, the Department of Finance announced that its Fine and Interest Reduction Enabling Recovery (FAIRER) Program would be extended through March 20, 2022. The program allows New Yorkers to pay a reduced amount in fines to resolve eligible Environmental Control Board (ECB) judgments. 


Comptroller Releases Findings of Lost City Revenue in Audit of Department of Finance

The audit report reveals that the misclassification of 140 properties has deprived the City of $1.7 million annually in lost property tax revenue. On February 18, 2016, the Office of the NYC Comptroller publicized the results from its audit of the New York City Department of Finance.  The audit sought to investigate whether the Department of Finance had implemented procedures that adequately safeguard against the misclassification of Brooklyn property sites. The Comptroller’s Office and DOF … <Read More>




Dept. of Finance Announces Notice of Property Value Sessions for Each Borough

The first session is tonight in Brooklyn, with additional sessions to follow. On February 3, 2023, the NYC Department of Finance announced a citywide series of Notice of Property Value (NOPV) information sessions. Property owners received a Notice of Property Value from Finance in January. The Notice of Property Value provides information about market and assessed value and other relevant information so that owners can review the information ahead of the finalization of the assessment <Read More>


City Finances 30,000 Affordable Homes in 2020

The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026. On February 9, 2021, Mayor Bill de Blasio announced that the City financed the construction and preservation of 29,521 affordable homes in 2020. Fifty-seven percent of the affordable homes financed in 2020 will serve families of three that earn less than $52,000 per year. The city has financed over 177,000 homes through the Housing … <Read More>