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Committee on Finance

Thursday, October 23, 2025 · 10:00 AM AM · Council Chambers - City Hall

TL;DR

The Finance Committee held hearings on three housing-related matters, including proposals to help Mitchell-Lama apartment residents by adjusting rent increases based on inflation and requiring 60 days' notice before rent hikes. Two resolutions calling on the state legislature were delayed for further consideration, while an oversight review of housing tax incentives was filed.

Key Decisions

  • Oversight - Housing Tax Incentives Filed
  • Resolution - Annual rent adjustments for Mitchell-Lama developments based on inflation Laid Over (delayed for future consideration)
  • Resolution - 60-day notice requirement for rent increases in Mitchell-Lama housing Laid Over (delayed for future consideration)
Agenda PDF Minutes PDF

Agenda

  1. T2025-4223 Oversight - Housing Tax Incentives.
    Oversight
    Action: Hearing Held by Committee

    This Oversight was Hearing Held by Committee

  2. Res 0575-2024 Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation providing for annual adjustments to the rental and carrying charges for Mitchell-Lama developments based on increases in the Consumer Price Index.
    Resolution
    Action: Hearing Held by Committee

    This Resolution was Hearing Held by Committee

  3. Res 1016-2025 Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation setting the minimum notice period for rent increases to 60 days for Mitchell-Lama rental and co-op residents
    Resolution
    Action: Hearing Held by Committee

    This Resolution was Hearing Held by Committee

  4. Jointly with the Committee on Housing and Buildings
  5. Roll Call
  6. Res 0575-2024 Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation providing for annual adjustments to the rental and carrying charges for Mitchell-Lama developments based on increases in the Consumer Price Index.
    Resolution
    Action: Laid Over by Committee

    This Resolution was Laid Over by Committee

  7. Res 1016-2025 Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation setting the minimum notice period for rent increases to 60 days for Mitchell-Lama rental and co-op residents
    Resolution
    Action: Laid Over by Committee

    This Resolution was Laid Over by Committee

  8. T2025-4223 Oversight - Housing Tax Incentives.
    Oversight
    Action: Filed, by Committee

    This Oversight was Filed, by Committee