V. Tax Incentive Programs

Buildings Receiving Preliminary Certificates for 421-a Exemptions, 1994-95

                   1994                   1995

             Prelim.    Prelim.     Prelim.    Prelim.
          Certificates    Units  Certificates   Units

Bronx          10          235         7         136
Brooklyn       31          139        37         400
Manhattan       3          114         5       1,441
Queens         11          131        19         261
Staten Island   1            8         1          46
Total          56          627        69       2,284


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Buildings Receiving J-51 Tax Abatements and Exemptions, 1994-95

                       1994                             1995

                              Certified                         Certified
           Buildings  Units  Cost($1,000s)   Buildings  Units Cost($1,000s)

Bronx            305  13,413    $52,690         235    12,201     $23,400
Brooklyn         446  16,275    $23,560         393    18,801     $27,682
Manhattan        367  16,340    $39,311         422    24,167     $34,536
Queens           307  14,569     $9,199         453    21,848     $13,265
Staten Island     10     277       $290           1        55        $121

Total          1,435  60,874   $125,050       1,504    77,072     $99,004

Source: New York City Department of Housing Preservation and Development,
Office of Development,Tax Incentive Programs.