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Committee on Finance

Wednesday, October 28, 2026 · 1:00 PM AM · 250 Broadway - 8th Floor - Hearing Room 2

TL;DR

The Committee on Finance held an oversight hearing and voted on multiple bills aimed at expanding homeownership opportunities and protecting homeowners from displacement in New York City. The legislation focused on providing financial assistance to homebuyers, improving education about housing programs, and ensuring fair enforcement of building codes across different neighborhoods. The committee also passed resolutions calling on the State Legislature to address affordable housing and streamline income verification for property tax exemptions.

Key Decisions

  • Cooperative Apartment Board Member Training Program Introduced
  • Housing Choice Voucher Homeownership Education Campaign Introduced
  • Homebuyer Financial Assistance Program with Annual Minimum Targets Introduced
  • Homeowner Displacement Prevention Outreach and Education Program Introduced
  • Building Code Enforcement Disparities Report Introduced
Agenda PDF

Agenda

  1. T2026-2636 Oversight - Advancing Homeownership Opportunity and Protection.
    Oversight
  2. Int 0406-2026 A Local Law to amend the administrative code of the city of New York, in relation to establishing a cooperative apartment board member training program
    Introduction
  3. Int 0861-2026 A Local Law to amend the administrative code of the city of New York, in relation to an education and outreach campaign regarding the housing choice voucher homeownership program
    Introduction
  4. Int 0862-2026 A Local Law to amend the administrative code of the city of New York, in relation to establishing a homebuyer financial assistance program and mandating a minimum number of homebuyers to be assisted annually
    Introduction
  5. Int 1082-2026 A Local Law to amend the administrative code of the city of New York, in relation to annual reporting on participation by city households in the housing choice voucher homeownership program
    Introduction
  6. Int 1084-2026 A Local Law to amend the administrative code of the city of New York, in relation to automatic enrollment in city-created property tax payment plans
    Introduction
  7. Int 1091-2026 A Local Law to amend the administrative code of the city of New York, in relation to notice of tax lien applicability of certain violations issued by the department of buildings
    Introduction
  8. Int 1096-2026 A Local Law to amend the administrative code of the city of New York, in relation to establishing a public outreach and education program to assist homeowners at risk of displacement
    Introduction
  9. Int 1097-2026 A Local Law in relation to requiring the department of buildings to submit a report on the racial, geographic, and socioeconomic disparities in the enforcement of building violations
    Introduction
  10. Res 0363-2026 Resolution calling upon the New York State Legislature to pass, and the Governor to sign, S.6958, enacting the New York Fair Housing Act to address the State’s affordable housing crisis
    Resolution
  11. Res 0599-2026 Resolution calling upon the New York State Legislature to pass, and the Governor to sign, legislation creating a centralized income verification system for all income-based homeowner property tax exemptions administered by the New York City Department of Finance and authorizing the City of New York to use such system to determine applicants’ income eligibility for such exemptions
    Resolution
  12. Jointly with the Committee on Housing and Buildings