DAMP Tax Cap Campaign
Protecting the future of HDFC affordability.
HDFC RA & Affordability Survey — 2025
The DAMP Tax Cap expires in 2029?
Learn how the DAMP Tax Cap works, why renewal matters, and how shareholders are organizing to secure a fair replacement.
Protect the Future of HDFC Tax Relief
The DAMP Tax Cap is the property-tax exemption that helps HDFCs keep maintenance affordable. It is set to expire in 2029.
Learn how the DAMP Tax Cap works, why renewal matters, and how shareholders are organizing to secure a fair replacement.
A significant portion of your maintenance fees or rent may already go to paying your building’s property taxes. An increase in your building’s tax bill would need to be covered, at least in part, by income provided by shareholders through maintenance.
Uncertainty around HDFC taxes past 2029 leaves HDFC's in financial precarity: how are we supposed to make long-term budget plans? Approve loans for the building or support the mortgage of a new shareholder?
We have already seen financial institutions being unwilling to lend because of the risk associated with the projected tax increase.
Advancing a new tax cap for HDFCs or at least extending DAMP will empower buildings and shareholders to access the financing they need. We need to begin conversations now to advocate for HDFC needs across the city.
Visit https://whoownswhat.justfix.org/en/ and enter your building’s address – adjust the w/west, e/east, st/street, ave/avenue if it’s not popping up.
Click "DOF Property Tax Bills" on the right side of the screen. Click BBL Search (borough-block-lot).
Enter your buildings borough, block and lot number - this is the BBL number with dashes on the top of the WhoOwnsWhat website. Do not enter any '0's at the beginning.
Ex: 1-02345-0067 ➡️ Borough: 1 (Manhattan) ; Block: 2345 ; Lot: 67
Click "Property Tax Bills" on the left
Select the date to view the bill for that quarter
Look for "Div of Alt Mgmt Prog" on page 2
If it appears, you will see the amount your property's assessed value is reduced by DAMP
Follow the steps to open a quarterly property tax bill, described above
Go to page 2 - multiply the "Billable Assessed Value" by the "Current Tax Rate" ; this would be your total taxes with no exemptions.
To calculate per unit increase:
Subtract that number by your building's actual "Annual Property Tax" value
Divide that by the number of units in your HDFC to find the increased per unit cost
ALBANY: DON’T SELL OUT OUR HOMES!
Keep HDFC Co-ops affordable for future generations