Compliance Reporting

NYCEDC has Compliance Specialists that work with NYCEDC, NYCIDA, and Build NYC project companies who benefit from our financial programs and/or loans.

To receive benefits, our project companies have agreed to regularly report specific details about their organizations. We collect this information to help them remain in good standing. Many NYCIDA Agreements, NYCEDC Contracts of Sale or NYCCRC/Build NYC Loan Agreements require our projects to report specific information that may include insurance, employment, and benefits information. Below you can find useful information about our reporting requirements, common compliance reporting forms, and information about benefits issued to projects.

NYCEDC Online Reporting System

Go paperless and submit annual reporting requirements through NYCEDC's online reporting system.

In order to enroll in our new online service, an Authorized Representative of the Company must submit the Online Certifier Authorization Form. An Authorized Representative is a Principal, Officer or Director able to act on behalf of the Company as defined in your Agreement. We will notify you via email once we have created a Certifier account for you. The Certifier will then be able to create Preparer accounts to help with the document submission process.

Report the following faster and easier than ever before:

  • Employment & Benefits Reports
  • Living Wage Survey
  • Subtenant Occupancy Surveys
  • Certificate of Interest Rate Swap
  • Location Survey
  • And more!

Log in to the Online Reporting System

Forgot your username and password? Contact ComplianceReporting@edc.nyc or call our Compliance Hotline at 212.312.3963 and we will have your login information resent to you.

Employment & Benefits Report (NYCEDC, NYCIDA, Build NYC)

Each year, our projects are required by City and State legislation to report certain employment and benefit utilization. The following forms are required by law:

  • Employment & Benefits Forms
  • Living Wage Attachment
  • Subtenant Employment & Benefit Form
  • Certificate of Interest Rate Swap
  • FRESH Certification
  • NYS-45 Summary Page

Download Employment & Benefits Report Forms 

Subtenancy Occupancy

On an annual basis, our clients are required to report certain information relating to subtenants to NYCIDA, NYCCRC, or BNYC by completing the Subtenant Occupancy Survey.

The Subtenant Occupancy Survey is required only for existing projects with NYCIDA, NYCCRC, and BNYC projects that closed after 7/1/2010 (via Installment Sale and/or Lease Agreements, or Loan Agreements, respectively).

The Subtenant Occupancy Survey below includes:

  • An editable Subtenant Occupancy Survey 
  • Detailed instructions 
  • Sample company information

NYCIDA Subtenant Occupancy Survey

Build NYC Subtenant Occupancy Survey

Subtenant Occupancy Survey Frequently Asked Questions (FAQ)

Please email completed Subtenant Occupancy Surveys to ComplianceReporting@edc.nyc or fax to 212.618.5738 no later than February 22, 2017.

Please Note - Projects may require NYCIDA, or Build NYC approval prior to entering into any sublease at eligible project locations.  Please contact us if you are considering entering into a lease. If you are aware of a project that has already entered into a sublease, contact the compliance hotline immediately at 212-312-3963 or ComplianceReporting@edc.nyc.

Subtenant Occupancy Application

Subtenants at an eligible project location must first be approved by the Agency prior to entering into any sublease. Please complete the application below for any subtenants you are considering. If you have existing tenants that were not authorized yet, you must still complete this application. Please submit your completed application to ComplianceReporting@edc.nyc or mail to:

New York City Economic Development Corporation
Attn: Compliance Department
110 William Street
New York, NY 10038

NYCIDA

Subtenant Occupancy Application (Non-Bond Projects)
Subtenant Occupancy Application (Bond Projects)

Build NYC

Subtenant Occupancy Application

Other Documents

Download other documents that may be required to be submitted pursuant to your Agreement with NYCEDC, NYCIDA, NYCCRC and Build NYC, including:

  • Scholarship Certificate and Private Schools Policy
  • ST-60 "IDA Appointment of Project or Agent"
  • ST-340 "Annual Report of Sales and Use Tax Exemptions"
  • Compliance Calendars
  • Late Fees
  • Fair Wages for New Yorkers Act

Download Other Documents

Contact Info

If you have any questions not answered here on the Compliance Resources page, please contact our Compliance Hotline at 212.312.3963 or ComplianceReporting@edc.nyc