Ford & Harrison: NYC Ramps Up Enforcement of Prevailing Wage Requirement of 421-a Affordable Housing Tax Exemption | Practical Law

Ford & Harrison: NYC Ramps Up Enforcement of Prevailing Wage Requirement of 421-a Affordable Housing Tax Exemption | Practical Law

This Law Firm Publication by Ford & Harrison LLP discusses notices recently issued jointly by the City of New York Department of Housing Preservation and Development (HPD), New York State Office of Attorney General (NYSOGA) and the New York City Comptroller’s Office to owners of real estate developments tax exempt under Real Property Tax Law (RPTL) § 421-a. The Notices require owners of Section 421-a tax exempt buildings to provide certified statements confirming payment of prevailing wages under Article 9 of the New York Labor Law (NYLL) to building service employees, and disclosing all efforts to ensure compliance with the prevailing wage requirement.

Ford & Harrison: NYC Ramps Up Enforcement of Prevailing Wage Requirement of 421-a Affordable Housing Tax Exemption

by Ford & Harrison LLP
Published on 14 Nov 2016New York
This Law Firm Publication by Ford & Harrison LLP discusses notices recently issued jointly by the City of New York Department of Housing Preservation and Development (HPD), New York State Office of Attorney General (NYSOGA) and the New York City Comptroller’s Office to owners of real estate developments tax exempt under Real Property Tax Law (RPTL) § 421-a. The Notices require owners of Section 421-a tax exempt buildings to provide certified statements confirming payment of prevailing wages under Article 9 of the New York Labor Law (NYLL) to building service employees, and disclosing all efforts to ensure compliance with the prevailing wage requirement.