What is Reside New York?

Reside New York is a Division of “Metropolitan Realty Exemptions Inc.” we proudly serve our clients in  New York City’s five boroughs as an approved New York City Housing Preservation and Development (NYC HPD) Affordable Housing Marketing Agency, to market and lease up “Affordable Apartments” for developers of new multi dwelling residential buildings or existing…

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What is the “Affordable New York” Law?

The New York City Housing Preservation Development (HPD) has introduced and implemented a new tax abatement program, “Affordable New York” formerly known as the 421a Tax Abatement Program. The Affordable New York Program requires 30% of a buildings unit count to be designated as “Affordable Housing”. The affordable requirements allow potential applicants to earn a…

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How does Reside New York represent you as an affordable Marketing Agency?

HPD recommends developers to hire a “Marketing Agency” to conduct the complex process of the affordable marketing, we at “Reside New York” represent our client’s interests as an HPD approved “Marketing Agency for the affordable units. “Reside New York” will guide you all through the process of applying with HPD for the “Affordable New York”…

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When should I begin the Affordable Marketing Process of my building?

As per HPD’s guidelines it requires the ownership to pursue the affordable marketing lottery nine months prior the anticipation of obtaining the Certificate of Occupancy for the new or altered building, since the process requires mountains of paperwork and hours of interviews with potential applicants for the marketing agency, it is therefore advisable for the…

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