DTF-625: Low-Income Housing Credit Allocation and Certification (2025)
New York · NY DTF · Used for tax years 2025
Form DTF-625 records a New York low-income housing credit allocation and the building owner’s first-year certification. It reports allocation limits, building basis, placed-in-service dates, and the owner’s credit-related elections.
Who files this form
Form DTF-625 records the low-income housing credit allocation and first-year certification for a building.
- The New York State Division of Housing and Community Renewal (DHCR) completes Part 1, Allocation of credit.
- The building owner completes Part 2, First-year certification, for the first year of the credit period.
What you'll need
Have the information requested on the form ready, including:
- The building’s street address and New York State building identification number (BIN).
- The building owner’s name, address, and taxpayer identification number.
- Allocation details, including the allocation date, maximum credit amount, maximum credit percentage, and maximum qualified basis.
- The date the building was placed in service, its eligible basis, and its original qualified basis at the close of the first year of the credit period.
- The percentage of aggregate basis financed by tax-exempt bonds.
- The applicable building classifications and credit elections.
- The SLIHC tracking ID if the transfer approval box is marked.
The form refers to Form DTF-625-I for help completing it.
How to file
DHCR completes Part 1, which includes certification by an authorized official. The building owner completes Part 2. The building owner or an authorized individual signs the certification on the back and provides the requested identifying information and date.
Send properly completed Form(s) DTF-625 to:
CORPORATION TAX DESK AUDIT
TDAB - TAX AUDIT ADMINISTRATOR 1
W A HARRIMAN CAMPUS
ALBANY NY 12227-4299
If you are not using U.S. Mail, see Publication 55, Designated Private Delivery Services.
Common mistakes
- Do not use a PO Box for the building’s address.
- Do not leave line 4 blank if the percentage financed by tax-exempt bonds is zero. Enter 0.
- Review the line 10 elections carefully. The form warns that once made, these elections are irrevocable.
- Do not overlook the annual statement requirement. File Form DTF-625-ATT with your return for each year of the 15-year compliance period.
- Use Form DTF-624 to claim the credit.
Questions people ask
Does Form DTF-625 claim the credit?
No. The form directs you to use Form DTF-624, Claim for Low-Income Housing Credit, to claim the credit.
Is there a separate annual filing requirement?
Yes. You must file Form DTF-625-ATT, Low Income Housing Credit Annual Statement, with your return for each year of the 15-year compliance period. See that form’s instructions for filing information.
Can I change the elections made on line 10?
The form warns that the line 10 elections are irrevocable once made.
Where can I find help completing this form?
The form refers you to Form DTF-625-I for assistance.