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Local law · Int 0570-2024

Creating a land bank

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to creating a land bank

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Latest action Jan 29, 2026

New York City Council

Sponsor

Gale A. Brewer

Council Member, District 6 · Democratic

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Summary

Subject to the approval of the New York State Urban Development Corporation, this bill would establish a land bank for New York City, which would have a board comprised of the mayor or their designee; the commissioner of finance or their designee; the commissioner of housing preservation and development or their designee; three persons appointed by the speaker of the council; and one person appointed by the mayor with the advice and consent of the council. The land bank would be empowered under state and local law to purchase tax liens from the city and to enforce such tax liens in accordance with policies and procedures intended to promote the goals of collecting outstanding revenues of the city; preserving ownership and equity interests in homes; preventing the displacement of residents from their dwellings; promoting proper and effective management of multiple dwelling residents; and preventing recidivism among properties with tax liens.

Summary from NYC Council (Legistar). How we handle summaries

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

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Where it stands

Became law over a veto.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Finance

Cosponsors

Shahana K. Hanif, Pierina Ana Sanchez and 25 others

Cosponsors in the order the New York City Council lists them.

  • Democratic22

Party is shown for the 22 cosponsors who are on Agora.

Shown in neutral colors by design; Agora is non-partisan.

Show the full list (27 names)

Names without a link are in the official record but not on Agora.

Recorded votes

  • Vote: Approved by Committee

    Committee on FinanceJan 29, 2026Result: passed

    (14) (2) (0) (1)

  • Vote: Overridden by Council

    NYC CouncilJan 29, 2026Result: passed

    (44) (7) (0) (0)

  • Vote: Approved by Council

    NYC CouncilDec 18, 2025Result: passed

    (41) (7) (0) (3)

  • Vote: Approved by Committee

    Committee on FinanceDec 18, 2025Result: passed

    (14) (1) (0) (2)

Full history

  1. Jan 29, 2026

    Committee vote

    A motion was made that this Introduction be Approved by Committee approved by Roll Call.

    Committee on Finance

  2. Jan 29, 2026

    A Motion Was Made That This Introduction be Approved by Council Approved by Roll Call.

    A motion was made that this Introduction be Approved by Council approved by Roll Call.

    NYC Council

  3. Jan 29, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Finance

  4. Dec 31, 2025

    Vetoed

    This Introduction was Vetoed by Mayor

    Mayor

  5. Dec 18, 2025

    Passed a chamber

    A motion was made that this Introduction be Approved by Council approved by Roll Call.

    NYC Council

Show full history (13 earlier events)
  1. Dec 18, 2025

    Amended

    This Introduction was Amended by Committee

    Committee on Finance

  2. Dec 18, 2025

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Finance

  3. Dec 18, 2025

    Committee vote

    This Introduction was Approved by Committee

    Committee on Finance

  4. Dec 18, 2025

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Finance

  5. Dec 18, 2025

    Sent to the executive

    This Introduction was Sent to Mayor by Council

    NYC Council

  6. Nov 13, 2025

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Finance

  7. Nov 13, 2025

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Finance

  8. Nov 13, 2025

    Held over

    This Introduction was Laid Over by Committee

    Committee on Finance

  9. Sep 29, 2025

    Referred to committee

    This Introduction was Re-referred to Committee by Council to the Committee on Finance

    NYC Council

  10. Jun 3, 2025

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  11. Jun 3, 2025

    Held over

    This Introduction was Laid Over by Committee

    Committee on Housing and Buildings

  12. Mar 7, 2024

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  13. Mar 7, 2024

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Housing and Buildings

    NYC Council