{"id":117912,"date":"2026-01-30T23:27:20","date_gmt":"2026-01-30T23:27:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/117912\/"},"modified":"2026-01-30T23:27:20","modified_gmt":"2026-01-30T23:27:20","slug":"hochul-wants-to-boost-tax-break-for-nyc-building-upgrades","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/117912\/","title":{"rendered":"Hochul Wants to Boost Tax Break for NYC Building Upgrades"},"content":{"rendered":"<p>New York Gov. Kathy Hochul (D) is pushing several changes to a tax break for New York City property owners that make upgrades to affordable housing stock, seeking to address some of the biggest complaints with the program. <\/p>\n<p>Hochul\u2019s $260 billion budget plan would increase the size of the J-51 tax incentive to cover the full renovation costs undertaken by affordable rental, co-op, and condo buildings, spread out over a period of 12 to 20 years. Currently the tax break covers up to 70% of those expenses over the same time frame.<\/p>\n<p>More co-op and condo buildings could also take &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"New York Gov. Kathy Hochul (D) is pushing several changes to a tax break for New York City&hellip;\n","protected":false},"author":2,"featured_media":117913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[8966,28784,51971,9,56,63,65,64,8968,4281,38897,8965,51970],"class_list":{"0":"post-117912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-cooperatives","9":"tag-low-income-housing","10":"tag-low-income-housing-credits","11":"tag-new-york","12":"tag-ny","13":"tag-nyc","14":"tag-nyc-headlines","15":"tag-nyc-news","16":"tag-real-property-tax","17":"tag-state-budget","18":"tag-state-environmental-legislation","19":"tag-state-tax-legislation","20":"tag-tax-holidays"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/117912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=117912"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/117912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/117913"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=117912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=117912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=117912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}