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Assessor's Manual, Volume 4, ExemptionAdministration

Exemption Administration Manual - Part 2
Multiple Dwellings

Section 4.07 - RPTL Section 414

Public Housing, Publicly Assisted Housing,
and Limited-Profit Nursing Homes
RPTL Section 414

See Exemption Profiles for the following statutes:

PHFL §33(1)(a) - Limited-Profit Housing Companies
PHFL §33(1)(c) - Limited-Profit Housing Companies (UDC subsidiary other than not-for-profit)
PHFL §33(1)(d) - Limited-Profit Housing Companies (Projects financed by federally insured mortgage loan)
PHFL §33(2) - Limited-Profit Housing Companies (Dwellings leased to NYS Housing Finance Agency)
PHFL §33(3) - Limited-Profit Housing Companies (Dwellings leased to municipality or municipal housing authority)
PHFL §33(4) - Limited-Profit Housing Companies
(Mutual company (co-op)organized for acquisition of building by its residents)
PHFL §36-a(4) - Municipally Owned Housing Projects Sold or Leased to Housing Development Fund Company or Limited-Profit Housing Company
PHFL § §93(3) & 93(5) - Limited Dividend Housing Companies(Project completed prior to 1/1/39)
PHFL § §93(4) & 93(5) - Limited Dividend Housing Companies (Project completed between 1/1/39 and 12/31/72 or after 1/1/79)
PHFL §93(6) - Limited Dividend Housing Companies(UDC subsidiary)
PHFL §97 - Limited Dividend Housing Companies Organized Pursuant to State Housing Law of 1926 (Building erected before 1/2/37)
PHFL §556 - Limited Dividend Housing Companies or Limited-Profit Housing Companies (Property purchased or leased from municipality or municipal housing authority)
PHFL §577(1) - Housing Development Fund Companies(Property not described by other sections of law)
PHFL §577(3) - Housing Development Fund Companies (UDC subsidiary other than not-for-profit)
PHFL §654-a - NYC Housing Development Corporation Subsidiaries - Limited-Profit Housing Company or Housing Development Fund Company
Pub Hel L
§2864 -
Limited-Profit Nursing Home Companies
Pub Hsng L § §52(3),
52(5) & 52(6)-
Municipal Housing Authorities (Project financed or aided by federal government or municipality but not by NYS)
Pub Hsng L § §52(4) & 52(5) - Municipal Housing Authorities (Project financed or aided by NYS)
Pub Hsng L
§58(3) -
Municipal Housing Authorities (Project sold or leased to limited-profit mutual (co-op) housing company)

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Please send general questions or comments to Jerome McCall

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