The Commercial Revitalization Program (CRP) provides tax incentives through a property tax abatement and Commercial Rent Tax special reduction for nonresidential or mixed-use premises.   Applicants are required to make certain minimum expenditures to improve the eligible premises.  Tenants who qualify for the CRP abatement are also eligible for a reduction in Commercial Rent Tax (known as the CRT Special Reduction).

• Benefit - Rent rebate for commercial and industrial businesses
• Administering Agency - NYC Department of Finance
• Website - Commercial Revitalization Program