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Int 0570-2024
| * | Gale A. Brewer | | Proposed Int. No. 570-A | Creating a land bank. | Introduction | 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 be tasked with acquiring, warehousing and transferring real property to develop, rehabilitate and preserve affordable housing. | | |
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Int 1407-2025
| * | Adrienne E. Adams | | | Sale of tax liens. | Introduction | This bill would eliminate the commissioner of finance’s general grant of authority to sell tax liens through December 31, 2028, and would instead impose ongoing conditions on the commissioner’s sale of tax liens. Competitive sales of tax liens would require approval by resolution of the council. Negotiated sales of tax liens to a city land bank would be authorized, and negotiated sales of tax liens to any other entity would require approval by resolution of the council. Additionally, this bill would subject any sale of tax liens to the term and condition that no purchaser of a tax lien may foreclose upon a lien encumbering a property owned by a primary resident and comprised of 1-3 dwelling units until the value of the lien reaches the lesser amount of 20% of the property value or $200,000, as well as the term and condition that every purchaser shall regularly send bills of the amount due on the lien and other pertinent information to the property owner. | | |
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Int 1411-2025
| * | Gale A. Brewer | | | Requiring notice to condominium boards concerning the sale of tax liens. | Introduction | This bill would require the commissioner of finance to notify the board of managers of a condominium if the commissioner intends to sell a tax lien that encumbers a unit within the condominium. | | |
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Int 1419-2025
| * | Sandy Nurse | | | Reporting regarding chronically unresolved tax liens and to repeal and replace section 11-356 of such code. | Introduction | This bill would require the commissioner of finance to submit to the council and post online an annual report on properties encumbered by chronically unresolved tax liens—defined as tax liens that remain unsatisfied for 36 months or more after being sold. In connection with the required annual report, this bill would require the commissioner of finance to provide annually a list of such properties to heads of agencies charged with property-related enforcement. In turn, this bill would require such agency heads to report to the mayor on inspections undertaken of such properties and the outcome of those inspections. | | |
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Int 1420-2025
| * | Sandy Nurse | | | Sale of interests in tax liens to a land bank. | Introduction | This bill would require the commissioner of finance to execute a sale of the City’s interests in tax liens held in trust to a city land bank upon its establishment. This bill would require the commissioner to execute such sale no later than 6 months after the creation of a city land bank. In the event that any such sale could not be accomplished, this bill would require the commissioner to submit a report to the council to explain the reasons therefor. | | |
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