467-m AHCC (Affordable Housing from Commercial Conversions)

467-m: Affordable Housing from Commercial Conversions Tax Incentive (AHCC)

New York State has adopted the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive Benefits program. Buildings previously used for non-residential purposes can be converted into eligible residential units for a property tax exemption. Following construction and other affordability options specified by the program can grant a property tax exemption from 25–35 years. Construction of the eligible conversion commenced after December 31st, 2022 up to June 30th, 2031, with completion of the eligible conversion by December 31st, 2039 can qualify if they meet applicable requirements..

Please note that there are filing fees per dwelling unit due to HPD (Housing Preservation and Development) at certain times during the construction and application process.

HPD (Housing Preservation and Development) reserves the right to update and establish program rules/procedures as they see fit.

To learn more, please fill out the contract form below and a member of our team will get back to you promptly.

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Have a question or need assistance with your property taxes? Fill out the form below, and one of our team members will respond promptly. For faster service, you can also reach us by phone.

For general inquiries or to discuss a property tax appeal, call 718-273-3080 ext: 1. For help with incentive programs such as ICAP or 421-a, contact 718-273-3080 ext: 2.

We’re here to help you navigate New York City’s complex real estate tax landscape—reach out anytime.

New York Real Estate Tax Services – Trusted NYC Property Tax Experts for Over 30 Years

For more than three decades, New York Real Estate Tax Services (NYRETS) has been helping commercial property owners navigate the complex world of New York City real estate taxation. With deep roots in the city and firsthand experience within the NYC Department of Finance, our team provides specialized tax consulting across all five boroughs.

We offer comprehensive support for a wide range of services, including annual property tax appeals (certiorari), tax estimates for new developments and alterations, RPIE statement preparation, and guidance on key incentive programs such as ICAP, 421-a, 467-m, and 485-x. Whether you're planning a new project or managing an existing portfolio, we’re here to protect your bottom line.

At NYRETS, our clients benefit from insider-level knowledge of city tax policies, dependable results, and a commitment to accuracy. Every case is handled directly by our experienced team—ensuring personal attention and reliable outcomes. We don’t just prepare paperwork—we help you make informed, strategic decisions.

Contact us today to speak with one of our tax consultants and learn how NYRETS can support your property’s long-term success.

Contact NYRETS:

Phone: (718) 273-3080
Fax: (718) 816-4915

Our Location:

Address: 36 Richmond Terrace,
Suite 108
Staten Island, NY 10301 [map]

Hours:

Monday to Friday: 9:00 AM to 5:00 PM