NYC Department of Finance Posts SCRIE details on the Internet!

At long last: The New York City Department of Finance (DOF) has posted details on their website that will make it easier for owners and managers to reconcile their property’s tax credits with their tenants’ Senior Citizen Rent Increase Exemption (SCRIE) benefits. The reports can be found at web address: (See the SCRIE Tenant Report and the TAC Report.)

The Senior Citizen Rent Increase Exemption (SCRIE) Program offers eligible tenants a freeze in the amount of rent they pay. If a tenant is accepted into the program, they will not have to pay any rent increases as long as they meet the program eligibility requirements. Applicants must meet ALL of the eligibility requirements. In New York City, a tenant or tenant’s spouse (not the landlord!) must apply to the DOF and meet the following eligibility requirements: 62 years of age or older; living in a rent regulated apartment; combined household income at or below the income eligibility level currently set at $29,000; and paying at least 1/3 of their disposable income toward their rent. For complete eligibility requirements see: SCRIE Information for Tenants The tenant application can be downloaded here.

The difference between the tenant’s frozen rent amount and the current legal rent is given to the owner of the building as a corresponding credit against their real estate taxes from the City of New York. This credit is referred to as a Tax Abatement Credit (TAC). For more information for owners and managers go to web address:

In addition to the SCRIE program, there is another program for disabled persons. This is known as DRIE (Disability Rent Increase Exemption. For details visit the DRIE program web page.