Article: 50495

Overview 

If you are claiming the Low-Income Housing Tax Credit (LIHTC) for a multiple building project, New York State requires you to complete Form DTF-625 – Low-Income Housing Credit Allocation and Certification for each building in the project. Additionally, you must use the Multiple Building Project Statement section to identify and group all buildings under the same project. 

This information is essential for tracking compliance and allocating credits across multiple buildings. 

Who is Eligible? 

You must complete the DTF-625 Multiple Building Project Statement if: 

• You are claiming a New York State Low-Income Housing Tax Credit, and 

• The credit is related to a project consisting of more than one building, and 

• Each building received a separate IRS Form 8609, and 

• You need to identify how those buildings are treated for credit calculation and reporting. 

Note: This form complements the federal Form 8609 and should match information submitted to the IRS and NYS Division of Housing and Community Renewal (DHCR).  

Tips for Filing 

• If you have multiple buildings, each must have its own Form DTF-625 and 8609. 

• The Multiple Building Project Statement is only required if you answer “Yes” to the question on line 8b of IRS Form 8609. 

• Retain a copy of your federal 8609 forms and certification letters from NY DHCR for your records. 

How to Report 

1. Navigate to the State Taxes section on the left-hand side of the screen. 

2. Click the link: I’d like to see the forms I’ve filled out or search for a form. 

3. In the dropdown menu, select New York. 

4. Click on the DTF Credits tab. 

5. Select DTF-625 – Low-Income Housing – Multiple Building Project Statement to open the screen. 

6. Enter all applicable information.  

7. Click Save once complete. 

Additional Resources 

For further guidance, see: https://www.tax.ny.gov/pdf/current_forms/it/dtf625.pdf