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New York City, NY Revenue Losses from Subsidy Programs

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Year sort iconProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2022Commercial Conversion Programs 421-a, 421-b, 421-gConstruction/rehabilitation$1,784,900,000$0$1,784,900,000Active
2022Industrial and Commercial Incentive Program (ICIP) and Industrial and Commercial Abatement Program (ICAP)Construction/rehabilitation$789,000,000$0$789,000,000Active
2022Sports Arena Used by NHL and NBASports and other mega events$43,200,000$0$43,200,000Active
2022Urban Development Corporation / Empire State Development CorporationConstruction/rehabilitation$400,200,000$0$400,200,000Passive
2022Low Income Housing Program 420-CAffordable Housing$365,900,000$0$365,900,000Active
2022J51 ProgramHousing$272,500,000$0$272,500,000Active
2022Commercial Growth ProgramGeneral Economic Development$180,045,000$0$180,045,000Active
2022Battery Park City AuthorityCharity/nonprofit/government assistance$161,200,000$0$161,200,000Passive
2022Division of Alternative Management Programs (DAMP)Housing$48,000,000$0$48,000,000Active
2022Industrial Incentive ProgramGeneral Economic Development$38,825,000$0$38,825,000Active
2022Relocation and Assistance Program (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$27,000,000$0$27,000,000Active
2022Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$25,800,000$0$25,800,000Active
2022Major Capital Improvement (MCI) ProgramProperty improvements$21,400,000$0$21,400,000Active
2022Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$16,200,000$0$16,200,000Active
2022The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$14,000,000$0$14,000,000Active
2022Build NYC Tax Abatement ProgramConstruction/rehabilitation$4,198,000$0$4,198,000Active
2021Low Income Housing Program 420-CAffordable Housing$318,900,000$0$318,900,000Active
2021Relocation and Assistance Program (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$28,000,000$0$28,000,000Active
2021Build NYC Tax Abatement ProgramConstruction/rehabilitation$5,812,000$0$5,812,000Active
2021The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$16,000,000$0$16,000,000Active
2021Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$50,000,000$0$50,000,000Active
2021Industrial and Commercial Incentive Program (ICIP) and Industrial and Commercial Abatement Program (ICAP)Construction/rehabilitation$855,100,000$0$855,100,000Active
2021Commercial Conversion Programs 421-a, 421-b, 421-gConstruction/rehabilitation$1,730,100,000$0$1,730,100,000Active
2021Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$24,300,000$0$24,300,000Active
2021Industrial Incentive Program - Sales Tax AbatementGeneral Economic Development$42,831,000$0$42,831,000Active
2021Commercial Growth Program - Sales Tax AbatementGeneral Economic Development$168,288,000$0$168,288,000Active
2021Division of Alternative Management Programs (DAMP)Housing$19,400,000$0$19,400,000Active
2021J51 ProgramHousing$295,900,000$0$295,900,000Active
2021Major Capital Improvement (MCI) ProgramProperty improvements$17,700,000$0$17,700,000Active
2021Sports Arean Used by NHL and NBASports and other mega events$43,900,000$0$43,900,000Active
2021Battery Park City AuthorityCharity/nonprofit/government assistance$123,300,000$0$123,300,000Passive
2021Empire State Development CorporationConstruction/rehabilitation$352,900,000$0$352,900,000Passive
2020Low Income Housing Program 420-CAffordable Housing$285,800,000$0$285,800,000Active
2020Relocation and Assistance Program (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$31,000,000$0$31,000,000Active
2020Build NYC Tax Abatement ProgramConstruction/rehabilitation$1,023,000$0$1,023,000Active
2020The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$14,200,000$0$14,200,000Active
2020Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$22,000,000$0$22,000,000Active
2020Industrial and Commercial Incentive Program (ICIP) and Industrial and Commercial Abatement Program (ICAP)Construction/rehabilitation$840,000,000$0$840,000,000Active
2020Commercial Conversion Programs 421-a, 421-b, 421-gConstruction/rehabilitation$1,600,700,000$0$1,600,700,000Active
2020Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$20,400,000$0$20,400,000Active
2020Industrial Incentive Program - Sales Tax AbatementGeneral Economic Development$750,000$0$750,000Active
2020Industrial Incentive Program - Mortgage Record Tax AbatementGeneral Economic Development$937,000$0$937,000Active
2020Commercial Growth Program - Mortgage Recording Tax AbatementGeneral Economic Development$2,268,000$0$2,268,000Active
2020Commercial Growth Program - Sales Tax AbatementGeneral Economic Development$7,051,000$0$7,051,000Active
2020Industrial Incentive Program - PILOTGeneral Economic Development$37,788,000$0$37,788,000Active
2020Commercial Growth Program - PILOTGeneral Economic Development$130,142,000$0$130,142,000Active
2020Division of Alternative Management Programs (DAMP)Housing$46,800,000$0$46,800,000Active
2020J51 ProgramHousing$301,100,000$0$301,100,000Active
2020Major Capital Improvement (MCI) ProgramProperty improvements$16,600,000$0$16,600,000Active
2020Sports Arean Used by NHL and NBASports and other mega events$42,500,000$0$42,500,000Active
2020Battery Park City AuthorityCharity/nonprofit/government assistance$138,200,000$0$138,200,000Passive
2020Empire State Development CorporationConstruction/rehabilitation$314,000,000$0$314,000,000Passive
2019Major Capital Improvement (MCI) ProgramAffordable Housing$11,700,000$0$11,700,000Active
2019Relocation and Assistance Programs (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$33,000,000$0$33,000,000Active
2019Division of Alternative Management ProgramsCommunity development$48,600,000$0$48,600,000Active
2019The Commercial Revitalization (CRP) and Commercial Expansion (CEP) ProgramsConstruction/rehabilitation$15,200,000$0$15,200,000Active
2019Urban Development Action Area ProgramsConstruction/rehabilitation$21,200,000$0$21,200,000Active
2019Low Income Housing Program 420-CConstruction/rehabilitation$273,300,000$0$273,300,000Active
2019J51 ProgramConstruction/rehabilitation$297,900,000$0$297,900,000Active
2019Industrial and Commercial Incentive Program (ICIP) and Industrial and Commercial Abatement Program (ICAP)Construction/rehabilitation$794,500,000$0$794,500,000Active
2019Commercial Conversion Programs 421-a, 421-b and 421-gConstruction/rehabilitation$1,641,100,000$0$1,641,100,000Active
2019Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$15,400,000$0$15,400,000Active
2019Build NYC Tax Abatement ProgramGeneral Economic Development$5,136,000$0$5,136,000Active
2019Commercial Growth and Industrial Incentive ProgramsGeneral Economic Development$114,323,000$0$114,323,000Active
2019Sports Arena Used by the NHL and NBASports and other mega events$43,100,000$0$43,100,000Active
2019Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])Construction/rehabilitation$325,700,000$0$325,700,000Passive
2019Battery Park City Authority (The Authority)General Economic Development$162,200,000$0$162,200,000Passive
2018Low Income Housing Program 420-CAffordable Housing$244,900,000$0$244,900,000Active
2018Relocation and Assistance Program (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$32,000,000$0$32,000,000Active
2018Build NYC Tax Abatement ProgramConstruction/rehabilitation$2,444,000$0$2,444,000Active
2018The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$18,700,000$0$18,700,000Active
2018Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$21,800,000$0$21,800,000Active
2018Industrial and Commercial Incentive Program (ICIP) and Industrial and Commercial Abatement Program (ICAP)Construction/rehabilitation$738,700,000$0$738,700,000Active
2018Commercial Conversion Programs 421-a, 421-b, 421-gConstruction/rehabilitation$1,480,700,000$0$1,480,700,000Active
2018Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$11,200,000$0$11,200,000Active
2018Industrial Incentive Program - Sales TaxGeneral Economic Development$2,255,000$0$2,255,000Active
2018Commercial Growth Program - Sales Tax AbatementGeneral Economic Development$3,414,000$0$3,414,000Active
2018Industrial Incentive Program - Mortgage Record TaxGeneral Economic Development$6,476,000$0$6,476,000Active
2018Industrial Incentive Program - PILOTGeneral Economic Development$34,456,000$0$34,456,000Active
2018Commercial Growth Program - PILOTGeneral Economic Development$52,250,000$0$52,250,000Active
2018Division of Alternative Management Programs (DAMP)Housing$42,600,000$0$42,600,000Active
2018J51 ProgramHousing$294,500,000$0$294,500,000Active
2018Major Capital Improvement (MCI) ProgramProperty improvements$18,500,000$0$18,500,000Active
2018Sports Arean Used by NHL and NBASports and other mega events$42,400,000$0$42,400,000Active
2018Battery Park City AuthorityCharity/nonprofit/government assistance$160,700,000$0$160,700,000Passive
2018Empire State Development CorporationConstruction/rehabilitation$332,100,000$0$332,100,000Passive
2017Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$7,000,000$0$7,000,000Active
2017Build NYC Tax Abatement ProgramGeneral Economic Development$1,600,000$0$1,600,000Active
2017Major Capital Improve ProgHousing$7,700,000$0$7,700,000Active
2017Urban Development Action Area Programs (U D A A P)Housing$23,000,000$0$23,000,000Active
2017ivision of Alternative Management Programs (D A M P)Housing$39,400,000$0$39,400,000Active
2017Low Income Housing Prog 420-CHousing$210,800,000$0$210,800,000Active
2017J51 ProgramHousing$286,900,000$0$286,900,000Active
2017Commercial Conversion Programs 421-a, 421-b and 421-gHousing$1,381,400,000$0$1,381,400,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$568,000$0$568,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$1,800,000$0$1,800,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$3,600,000$0$3,600,000Active
2017Relocation and Assistance Programs— (R E A P), Lower Manhattan Relocation and E mployment Assistance Program for Eligible Benefits (L M R E A P-E B) and Lower Manhattan Relocation and E mployment Assistance Program for Special Eligible Benefits (L M R E A P-SE B)Job Creation/Retention$28,000,000$0$28,000,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$29,500,000$0$29,500,000Active
2017Commercial Growth and Industrial Incentive ProgramsJob Creation/Retention$51,000,000$0$51,000,000Active
2017The Com mercial Revitalization (C R P) and Com mercial Expansion (C E P) ProgramsReal estate development (commercial)$18,400,000$0$18,400,000Active
TABULATED TOTAL$28,935,380,000$0$28,935,380,000