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New York Industrial And Commercial Abatement Program Preliminary Application

Category:
New York Local County - NYC - Department of Finance
State:
New York
Control #:
NY-DOF-10
Format:
PDF
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Description

Industrial And Commercial Abatement Program Preliminary Application The New York Industrial and Commercial Abatement Program (ICAP) Preliminary Application is an application submitted prior to the commencement of a construction or renovation project by a property owner or developer to the New York City Department of Housing Preservation and Development (HPD). This application is required to obtain potential tax abatement for eligible projects. It includes information about the project, the proposed construction/renovation, estimated costs, environmental impact assessment, and potential benefits for the community. There are two types of ICAP Preliminary Applications: 1. Small Project Preliminary Application: This application is required for projects with estimated construction costs of $5 million or less. 2. Large Project Preliminary Application: This application is required for projects with estimated construction costs greater than $5 million.

The New York Industrial and Commercial Abatement Program (ICAP) Preliminary Application is an application submitted prior to the commencement of a construction or renovation project by a property owner or developer to the New York City Department of Housing Preservation and Development (HPD). This application is required to obtain potential tax abatement for eligible projects. It includes information about the project, the proposed construction/renovation, estimated costs, environmental impact assessment, and potential benefits for the community. There are two types of ICAP Preliminary Applications: 1. Small Project Preliminary Application: This application is required for projects with estimated construction costs of $5 million or less. 2. Large Project Preliminary Application: This application is required for projects with estimated construction costs greater than $5 million.

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