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Low-income housing credit

You are entitled to this nonrefundable credit if you or your business:

  • has a residential rental building in a low-income housing project that meets one of the minimum set-aside tests, and
  • a properly signed and completed Form DTF-625, Low-Income Housing Credit Allocation and Certification, from the New York State Division of Housing and Community Renewal for each building for which you are claiming a credit.

How much is the credit?

  • The Commissioner of the New York State Division of Housing and Community Renewal allocates the credit.
  • The credit is taken over a 10-year period.

For additional information on claiming this credit, see:

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