ACTION ALERT

HCR Issues Fuel Cost Adjustments for Rent Controlled Units
Online Filing Required

The New York State Housing and Community Renewal Agency (HCR) has issued new fuel cost adjustment factors for rent controlled apartments for the 2012 calendar year. The findings indicate that all types of heating oil, steam and coal increased in price during the 2011 calendar year while prices decreased for buildings heated with gas or electricity.

*The 2012 data for #4 Oil and #6 Oil were amended on March 15, 2012 due to erroneous pricing data furnished to the Division of Housing and Community Renewal’s (DHCR) Office of Rent Administration (ORA). All other data remains identical to that contained in the Findings as promulgated on January 20, 2012. Please click here to download the Amended 2012 Findings.

Property owners have until April 2, 2012 to file fuel cost adjustment forms in order to collect the increases retroactive to January 1, 2012. In addition, owners who use a fuel that has dropped in price must timely file for a reduction in fuel cost adjustments or risk a forfeiture of the entire fuel cost adjustment for a 12 month period.

For the first time this year, HCR is requiring online filing of the 2012 Report, Certification and Notice of Fuel Cost Adjustment Eligibility. Paper applications will not be accepted. To file forms online go to www.nysdhcr.gov/rent.

Owners who require technical assistance or do not have access to a computer can call HCR at 718-739-6400 to make an appointment at one of the Agency’s borough offices. RSA members may also make an appointment for assistance with an RSA counselor by calling 212-214-9200.

Please note that the Agency’s Bronx Borough Office has relocated to:
2400 Halsey Street 1st Fl
Bronx, New York 10461
718-430-0880