Committee on Finance Joint Hearing on Housing Tax Incentives and Mitchell-Lama Legislation
At a glance
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The New York City Council Committee on Finance, jointly with the Committee on Housing and Buildings, held a hearing on October 23, 2025, to consider oversight of housing tax incentives and two resolutions concerning Mitchell-Lama developments. The committee heard testimony on annual adjustments to rental and carrying charges based on the Consumer Price Index, and on establishing a 60-day minimum notice period for rent increases. Both resolutions were laid over by the committee.
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Key decisions
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- Oversight hearing held on housing tax incentives
- Resolution 575-2024 calling for annual CPI adjustments to Mitchell-Lama rental and carrying charges was laid over
- Resolution 1016-2025 calling for 60-day minimum notice period for Mitchell-Lama rent increases was laid over
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