Affordable Housing Special Assessment Program
The Affordable Housing Special Assessment Program incentivizes the rehabilitation and new construction of multi-family residential properties to create and maintain affordable housing. This program establishes assessment reductions for multifamily rental developments subjected to certain rent, tenant income, and related restrictions.
How does the program work?
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Program Eligibility
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How to Apply
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Application Fees to Apply
Filing Fees will depend on the number of buildings contained in the project. The filing fees are listed below.
| $750 | 1-3 buildings |
| $1,000 | 4-7 buildings |
| $1,500 | More than 7 buildings |
Deadline to Apply
- Part 1 should be submittted prior to the newly constructed residential real property or improvements to existing residential real property being put in service.
- Part 2 of the application can be submitted only after the building is put in service, meaning that the building is leased up and occupied with qualifying tenants paying qualifying rent.
To apply for the special assessment on the for the 2026 assessment year, eligible applicants should submit part 1 and part 2 of the application no later than September 5th of the 2026 assessment year.