Major Capital Improvement (MCI)

The Major Capital Improvement (MCI) program provides incentives for landlords to improve rent-regulated property conditions by allowing an increase in rents for rent-stabilized or rent-controlled units based on eligible construction costs. Landlords who receive MCI increases may also apply for J-51 abatements and exemptions for the same improvements. Owners are able to increase the tenant’s rent based on a certain percentage of cost for work performed in apartments and common areas; however, rent increases may not exceed two percent annually.

Program Information

• Scale: Very Large Scale (over 10,000 units)
• Timeframe: 1988 - Present
• Occupancy Tenure: Rental
• Construction Type: Rehabilitation
• Building Type: Multi-family
• Developer/Owners: Non-profit, For-profit
• Geographic Restrictions: Rent-regulated Buildings

More Resources

Parent Program: Rent Stabilization