City5 Consulting is an approved Marketing Agent of New York City Housing Preservation and Development (HPD) and Housing Development Corporation (HDC), with Tax Credit Specialists certified for programs administered by both agencies.
We offer the marketing, lottery, and lease-up of affordable housing under 421-a(16) tax exemption program, Inclusionary Housing (IH) programs, and Low Income Housing Tax Credit (LIHTC) programs administered by HPD and HDC.
Streamlined marketing and lottery process for prompt and quality lease-up made easy with comprehensive reporting and applicant management. Schedule a Complibuddy demonstration or to find out what's happening, check out our Latest News.
165+ Affordable Developments Marketed
700+ affordable units leased
1000+ units under compliance monitoring
Lottery applications processed
See where the developments are trending in the city and get in touch with us!
Have a questions? You can find all answers to commonly asked questions below
Yes, affordable units are subject to rent stabilization.
Market rate units with the initial rent below the deregulation threshold in effect at the time when the initial rent is established are subject to rent stabilization
The rents for the affordable units are restricted by the program that the development is opting into. Depending on the program(s) that the development is subject to, the rent is governed by a certain Area Median Income (AMI) level.
Depending on the number of affordable units in the development, we advise starting marketing for the affordable units 4-7 months prior to the anticipated construction completion date.