NYU Furman Center Feedback Sign Up Facebook Twitter LinkedIn
CoreData.nyc

Directory of NYC Housing Programs

Major Capital Improvement (MCI)

The Major Capital Improvement (MCI) program provides incentives for landlords to improve rent-regulated property conditions by allowing an increase in rents for rent-stabilized or rent-controlled units based on eligible construction costs. Landlords who receive MCI increases may also apply for J-51 abatements and exemptions for the same improvements. Owners are able to increase the tenant’s rent based on a certain percentage of cost for work performed in apartments and common areas; however, rent increases may not exceed two percent annually.

Program Information Help Icon

  • Supply/Demand: Supply
  • Category: Homeownership, Housing Stability, and Quality
  • Scale: Very Large Scale (over 10,000 units)
  • Timeframe: 1988 - Present
  • Occupancy tenure: Rental
  • Construction Type: Rehabilitation
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Geographic Restrictions: Rent-regulated Buildings

View all programs

Search

Filter By

Tags