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Please note that data are cataloged by fiscal years. For more info see our user guide.

New York City, NY Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offset sort iconNet Revenue LossType of Loss
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
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
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
TABULATED TOTAL$28,935,380,000$0$28,935,380,000