A. Eligible Projects
1. Listed MCIs to Multiple Dwellings. This general, catch-all category includes major capital improvements listed in the Rules made to buildings containing three or more separate dwelling units. Multiple Dwellings include rental buildings, cooperatives and condominiums.
2. Moderate Rehabilitations of Multiple Dwellings.
B. General Limitations onProject Eligibility
1. Project Must Be Completed Promptly. For a project to be eligible for J-51 benefits, it must be completed within 30 months after it begins.
2. Building Must Not Be Receiving Other Tax Benefits for the same improvement.
3. Building Must Not Be in Arrears for real estate taxes, water or sewer charges, or other municipal charges.
4. Building Must Not Have Building Code Violations.
5. All apartments must be rent stabilized under the J51 program.
C. After Work Is Completed
1. Applications can be prepared and submitted to HPD only after the completion of all work on a project and must be submitted to HPD on prescribed forms.
2. Applications may be filed with the HPD only during the following time periods:
February 1 to March 15 May 1 to June 15
August 1 to September 15 November 1 to December 15
