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

Directory of NYC Housing Programs

Senior Citizen Rent Increase Exemption (SCRIE)

The Senior Citizen Rent Increase Exemption (SCRIE) Program exempts low-income renters who are 62 or older eligible from some or all rent increases, and exempts low-income senior owners eligible from their cooperative’s carrying charges, capital assessments, or voluntary capital contributions, as long as the residents are paying at least one-third of their disposable income on rent. This benefit is administered as a real estate tax credit to landlords who would otherwise receive the increased rent. Seniors living in Mitchell-Lama housing, Article XI cooperatives, federally-assisted cooperatives, or rent regulated apartments may be eligible. Those who do not live in apartments in the portfolios listed above are not eligible for benefits. The Department of Finance (DOF) oversees the program and evaluates applications. After verification, the landlord receives notification of the eligible dates for the exemption and the amount the tenant is required to pay. The Disability Rent Increase Exemption (DRIE) works in the same manner as SCRIE; however, tenants must receive eligible state or federal disability-related financial assistance to be eligible for the program.

Program Information Help Icon

  • Alternative Name(s): NYC Rent Freeze Program (Seniors)
  • Supply/Demand: Demand
  • Category: Tax Incentives
  • Scale: Small Scale (between 1 and 999 units)
  • Occupancy tenure: Rental
  • Building Type: Multi-family, One- to Four-family
  • Developers/Owners: Non-profit, For-profit
  • Income Restrictions: Very Low-income
  • Special Populations: Seniors

More Resources

View all programs

Search

Filter By

Tags