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SENIOR CITIZENS

The Senior Citizen Rent Increase Exemption Program prohibits rent
increases for many senior citizens who live on fixed and limited
incomes. This program is available for both rent controlled and
stabilized tenants. It is administered by the New York City
Department of Housing Preservation and Development (HPD).

To be eligible, you or your spouse must be at least 62 years old;
the combined household income must not exceed $15,000 annually;
and the rent must be greater than one-third of your disposable
income.

If your income is greater than the maximum, it is advisable to
check with HPD. Certain of your tax liabilities may be
deductible, bringing your income within the guidelines.

Rent stabilized tenants are required to sign a two-year lease in
order to be eligible for the program.