New York State Tax Credits
State Tax Credit Investments

New York

New York Low Income Housing Tax Credit Summary

  • Modeled after the federal low income housing credit program.
  • Provides a dollar-for-dollar reduction in state taxes to investors in qualified low-income housing.
  • 15-year compliance period to avoid recapture.
  • The tax credits may be used by the investor annually for the initial 10 years of the project.
  • The property must remain in service for 15 years, after which the corporation formed may seek refinancing and/or transfer the project to the nonprofit partner/developer.


Interested in monetizing your New York low income housing tax credits?


Interested in investing to create more affordable homes in New York?

New York Historic Rehabilitation Tax Credit for Commercial Properties Summary

  • Applicable against corporate, bank, insurance premium, and individual income tax liability.
  • May offset 100% of taxpayer’s liability
  • Credits can be carried forward indefinitely for projects placed in service before 2015
  • Unused credits are refundable for projects placed in service on or after 2015
  • Follows the rules for federal credit recapture.
  • Credits capped at $5 million
  • Must meet all requirements of Federal Rehabilitation Tax Credit program.


Interested in investing to preserve historic buildings in New York?


Interested in monetizing your New York historic tax credits?

Contact us for more information about impact investing, federal and state tax credits.