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Committee on Finance

Tuesday, November 17, 2026 · 11:00 AM AM · 250 Broadway - 8th Floor - Hearing Room 2

TL;DR

The Finance Committee held an oversight hearing on homeownership opportunities and introduced multiple bills aimed at expanding home purchase assistance, improving property tax relief, and addressing housing displacement in New York City. The meeting also included resolutions urging state legislators to pass housing-related legislation, including fair housing protections and improved tax exemption processes for seniors and people with disabilities.

Key Decisions

  • Cooperative apartment board member training program Introduced
  • Housing choice voucher homeownership education campaign and homebuyer financial assistance program Introduced
  • Automatic enrollment in property tax payment plans and enhanced notice requirements for building violations Introduced
  • Homeowner displacement prevention program and building violation enforcement equity report Introduced
  • Resolutions requesting state action on disability/senior tax exemptions, fair housing legislation, and centralized income verification system 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 0147-2026 Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation to institute a rolling application deadline in New York City for the disability homeowner exemption and the senior citizen homeowner exemption
    Resolution
  11. 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
  12. 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
  13. Jointly with the Committee on Housing and Buildings