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Local law · Int 1083-2026

Designating financial literacy advisors to serve in older adult centers

New York City Council

Latest action Oct 27, 2026

Sponsor: Crystal Hudson (Council Member, District 35, Democratic)

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to designating financial literacy advisors to serve in older adult centers

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

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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Sep 26, 2026. About our data

Summary

This bill would require the Commissioner of Aging to designate at least 1 financial literacy advisor to serve in each older adult center for at least 20 hours a month. A financial literacy advisor would have to provide general information about financial literacy, end of life preparation, tax preparation, and how to avoid or handle legal issues and scams that commonly affect older adults. A financial literacy advisor would also have to convey contact information for specialized financial literacy providers, tax preparation providers, certain types of legal services providers, relevant New York City agencies and organizations, and the Department for the Aging (DFTA) to answer questions concerning financial literacy resources offered by DFTA. The Commissioner would have to promulgate rules to set qualifications for financial literacy advisors and establish a financial literacy advisor training program.

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

Where it stands

Assigned to a committee for review.

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

Committee

Committee on Aging

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Cosponsors

3

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

  • Democratic3

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Full history

  1. Oct 27, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Aging

  2. Oct 27, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Public Housing

  3. Oct 27, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Aging

  4. Oct 27, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Public Housing

  5. Sep 24, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

Show full history (1 earlier event)
  1. Sep 24, 2026

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Aging

    NYC Council

Read the record