Financial Incentives

The New York City Industrial Development Agency’s (NYCIDA) Uniform Tax Exemption Policy (UTEP) includes financial incentives, e.g., real estate tax discounts, specific to commercial development projects in the Hudson Yards area.

Under this incentive program, NYCIDA can grant benefits to certain commercial construction projects in the Hudson Yards area of Manhattan. To learn more about this program, please visit the NYCIDA website.

For more information about Hudson Yards financial incentives, contact Lincoln Patel, HYDC’s Vice President and Counsel, via email at lpatel@hydc.org.