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Asking Albany · Res 0431-2026

Legislation authorizing property tax incentives for property owners who dedicate twenty percent of existing housing stock to senior citizens and individuals…

New York City Council

Latest action Sep 18, 2026

Sponsor: Susan Zhuang (Council Member, District 43, Democratic)

Official titleShow

Resolution calling upon the New York State Legislature to pass, and the Governor to sign, legislation authorizing property tax incentives for property owners who dedicate twenty percent of existing housing stock to senior citizens and individuals experiencing homelessness

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 Jul 30, 2026. About our data

What this can and cannot do

This is a request, not a law. The City Council is asking the New York State Legislature and the Governor to act, because the subject is outside the city's authority. Passing it commits the city to a position; it does not change the rule.

Summary

Authorizing property tax incentives for property owners who dedicate fifteen percent of existing housing stock to senior citizens and individuals experiencing homelessness.

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. Adopted

Committee

Committee on Finance

Cosponsors

4

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

  • Democratic4

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

Full history

  1. Sep 18, 2026

    Hearing held

    This Resolution was Hearing Held by Committee

    Committee on Disabilities

  2. Sep 18, 2026

    Hearing held

    This Resolution was Hearing Held by Committee

    Committee on Finance

  3. Sep 18, 2026

    Hearing held

    This Resolution was Hearing Held by Committee

    Committee on Aging

  4. Sep 18, 2026

    Held over

    This Resolution was Laid Over by Committee

    Committee on Finance

  5. Sep 18, 2026

    Held over

    This Resolution was Laid Over by Committee

    Committee on Aging

Show full history (3 earlier events)
  1. Sep 18, 2026

    Held over

    This Resolution was Laid Over by Committee

    Committee on Disabilities

  2. Apr 16, 2026

    Introduced

    This Resolution was Introduced by Council

    NYC Council

  3. Apr 16, 2026

    Referred to committee

    This Resolution was Referred to Comm by Council to the Committee on Finance

    NYC Council

Read the record