On August 19, 2024, New York City Department of Transportation Commissioner Ydanis Rodriguez announced that applications for the Off-Hour Delivery (OHD) Incentive Program have opened. This program provides New York City businesses who make or receive commercial deliveries during the congested times of the day a one-time incentive reimbursement on qualifying deliveries during off-hour deliveries to reduce traffic congestion during the day.
Search Results for: Incentive Program
DOT Launches Incentive Program to Promote Off-Hour Deliveries, Reduce Daytime Congestion
On April 24, 2024, the New York City Department of Transportation Commissioner Ydanis Rodriguez announced incentives to reduce truck deliveries during busy hours of the day in an effort to improve traffic safety, protect the environment, and combat daytime congestion and double-parking. DOT will donate $6 million to incentivize nighttime deliveries from 7 pm to 6 am through their Off-Hour-Delivery Program (OHD). The funding will be allocated through the US DOT’s Congestion Mitigation and Air … <Read More>
City Releases Proposed Rules for Two New Tax Incentives Programs: 485-x and 467-m
On October 8, 2024, the New York City Department of Housing Preservation and Development (HPD) published the proposed rules for the Affordable Neighborhoods for New Yorkers (Real Property Tax Law Section 485-x) and Affordable Housing From Commercial Conversions (Real Property Tax Law Section 467-m) programs.
HPD Announces Online App for J-51 Tax Relief Program Now Open
On February 12, 2025, the New York City Department of Housing, Preservation and Development announced that the online application for the J-51 R program, formally J-51, is now open. Since 2009, the J-51 tax relief program has resulted in the rehabilitation of more than 3,200 buildings, consisting of over 143,000 homes. In December 2024, the City Department of Housing, Preservation and Development created the updated version of J-51, “J-51 R”, available to property owners and … <Read More>
Governor and Mayor Celebrate Over 600 Letters of Intent for 421-a Extension Program
On October 16, 2024, New York City Mayor Eric Adams and New York Governor Kathy Hochul celebrated the milestone of the New York City Department of Housing Preservation and Development (HPD) receiving Letters of Intent for approximately 650 buildings through the 421-a extension tax incentive program. The proposed 650 buildings represent roughly 71,000 new homes (including 21,000 affordable units) for New Yorkers. Currently, New Yorkers face a 1.4 percent rental vacancy rate, with half of … <Read More>
DEP Announces Incentive Credit for Autopay Enrollment
On August 16, 2023, the New York City Department of Environmental Protection (DEP) announced a $100 incentive credit for customers who enroll in autopay by November 15th.The goal of the program is to reduce the amount of physical paper bills given to customers by using autopay and help keep accounts current. Currently, approximately 12 percent, or 100,000 customers, are enrolled in autopay.