December 18, 2014

Housing Exemptions

HOUSING SUBSIDIES AND EXEMPTIONS

RENTERS

SCRIE – Senior Citizen Rent Increase Exemption, freezes the rent for head-of-household seniors 62 and older who live in rent-regulated apartments.
DRIE – Disability Rent Increase Exemption, an exemption against future rent increases for eligible disabled persons living in rent-controlled, rent-stabilized, Mitchell-Lama and other eligible apartments.
SNAP – Supplemental Nutrition Assistance Program, provides benefits to low-income individuals and families and provides economic benefits to communities.
HEAP – Home Energy Assistance Program, helps low-income people pay the cost of heating their homes.

COOP OWNERS

STARSchool Tax Relief Program, reduces school district property taxes on the primary residences of New York residents.
SCHE – Senior Citizen Homeowners Exemption, a property tax reduction for seniors who own condominiums, or cooperative apartments.
VEVeterans Exemption, Qualifying veterans and their family members are eligible for property tax breaks in New York City.
DHE – Disabled Homeowners Exemption, a property tax reductions for disabled New Yorkers who own condominiums, or cooperative apartments.

HOME OWNERS

STAR – School Tax Relief Program, reduces school district property taxes on the primary residences of New York residents.
SCHE – Senior Citizen Homeowners Exemption, a property tax reduction for seniors who own one-, two-, or three-family homes
VE Veterans Exemption, Qualifying veterans and their family members are eligible for property tax breaks in New York City.
DHE – Disabled Homeowners Exemption, a property tax reductions for disabled New Yorkers who own one-, two-, or three-family homes.

GSBDC counsels and completely packages documents for all exemptions, which allows our clients to remain in their apartments and homes, and the reduced monthly rent/real property taxes creates surplus for daily living expenses.

For more information regarding Subsidies and Exemptions, contact us.