Committee on Housing and Buildings Holds Oversight Hearing on Housing Tax Incentives
At a glance
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The New York City Council's Committee on Housing and Buildings, chaired by Pierina Ana Sanchez, convened jointly with the Committee on Finance on October 23, 2025, to conduct an oversight hearing on housing tax incentives. The committee heard testimony on two resolutions calling for state legislation regarding Mitchell-Lama developments: one addressing annual rent adjustments based on the Consumer Price Index, and another establishing a 60-day minimum notice period for rent increases.
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Key decisions
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- Oversight hearing held on housing tax incentives (T2025-4222)
- Resolution 0575-2024 on Mitchell-Lama rental and carrying charge adjustments laid over by committee
- Resolution 1016-2025 on 60-day minimum notice period for Mitchell-Lama rent increases laid over by committee
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