Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 9/18/2026 11:00 AM Minutes status: Draft  
Meeting location: Council Chambers - City Hall
Jointly with the Committee on Aging and the Committee on Disabilities
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments: CLICK ANY FILE BELOW (in blue) TO ACCESS LEGISLATION AND ATTACHMENTS
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T2026-2314 *   Oversight - Senior Citizen Rent Increase Exemption (SCRIE) and Disability Rent Increase Exemption (DRIE).Oversight    Not available Not available
Int 0307-2026 *Christopher Marte  Establishing a universal application and recertification system for the senior citizen rent increase exemption program and disability rent increase exemption program.IntroductionThis bill would require the creation of a universal initial application and universal recertification application for the Senior Citizen Rent Increase Exemption (SCRIE) program and Disability Rent Increase Exemption (DRIE) program, to be administered jointly by the Department of Finance (DOF) and the Department of Housing Preservation and Development (HPD), by December 31, 2025. Additionally, the bill would require the implementation of an online application website for SCRIE and DRIE benefits, as well as the institution of an online recertification process for SCRIE and DRIE benefits, by December 31, 2025.   Not available Not available
Int 0934-2026 *Simcha Felder  The creation of additional annual income categories and corresponding exemption percentages for certain households eligible for the senior citizens homeowners’ exemption.IntroductionCurrently, senior citizens with annual incomes of $50,000 or less may qualify for an exemption from real property taxes to the extent of 50% of the assessed value of their homes. Acting upon authority granted to the City under a recent amendment of State law, this bill would expand tax relief to such senior citizen homeowners in the following income brackets: for homeowners with incomes equaling $48,000 or more but less than $49,000, 55 percent of the assessed home value would be exempt; for homeowners with incomes equaling $47,000 or more but less than $48,000, 60 percent of the assessed home value would be exempt; and for homeowners with incomes less than $47,000, 65 percent of the assessed home value would be exempt.   Not available Not available
Int 0978-2026 *Farah N. Louis Proposed Int. No. 978-AIncreasing the maximum income level qualifying for exemption from rent increases granted to certain senior citizens and persons with disabilities.IntroductionThis bill would increase the maximum income level for eligibility for the Senior Citizen Rent Increase Exemption program and the Disability Rent Increase Exemption program to $75,000 beginning July 1, 2026. This bill would apply retroactively to July 1, 2026, and would expire on the same date as the expiration of the authorization for the applicable income eligibility levels set forth in sections 467-b and 467-c of the real property tax law, as amended by subpart A of part V of chapter 59 of the laws of 2026.   Not available Not available
Int 1010-2026 *Christopher Marte  Increasing the maximum income level qualifying for the senior citizen homeowner’s exemption and the disabled homeowner’s exemption.IntroductionNew York City provides a real property tax exemption to eligible low-income senior citizen homeowners through the Senior Citizen Homeowners' Exemption (SCHE) and to eligible low-income homeowners with disabilities through the Disabled Homeowners' Exemption (DHE). The exemptions reduce the taxable assessed value of qualifying property based on a sliding-scale exemption schedule determined by household income. This bill would increase the maximum income eligibility level for SCHE and DHE from $50,000 to $75,000, beginning July 1, 2027. This bill would also update the income thresholds for the existing sliding-scale exemption schedules applicable to SCHE and DHE to reflect the increased maximum income eligibility level.   Not available Not available
Int 1011-2026 *Darlene Mealy  Evictions of older adult tenants.IntroductionThis bill would require owners to disclose certain information to the City before evicting older adult tenants and would require the City to provide information to such tenants about available legal assistance.   Not available Not available
Int 1033-2026 *Simcha Felder  Making certain informational requirements for notices concerning rent increase exemption programs discretionary.IntroductionThis bill would allow the Commissioner of Finance to exercise discretion over certain informational requirements set forth in section 11-138 of the Administrative Code concerning the Senior Citizen Rent Increase Exemption and Disability Rent Increase Exemption programs.   Not available Not available
T2026-2458 *Chris Banks PreconsideredThe dissemination of information on the rent freeze program and training for participating agencies.IntroductionThis bill would expand existing requirements regarding the dissemination of information about the Senior Citizen Rent Increase Exemption program to also include the Disability Rent Increase Exemption program and would add the Mayor’s Office for People with Disabilities as a participating agency. The bill would also require the Department of Finance (DOF) to provide annual training to designated personnel at participating agencies on information regarding rent freeze programs, including eligibility requirements, application and renewal procedures, key program features, reasonable accommodations, and applicant referrals. Additionally, DOF would be required to report annually to the Council on such trainings.   Not available Not available
T2026-2546 *Darlene Mealy PreconsideredInformational toolkit on available programs, benefits, and services for older adults.IntroductionThis bill would require the Department for the Aging (DFTA), in consultation with the Cabinet for Older New Yorkers, to develop an informational toolkit about programs, benefits, and services available to New Yorkers aged 60 and up. The toolkit must include materials containing information about rent freeze programs; information about meal delivery programs; information about other public and non-public programs, benefits, and services for older adults; contact information for DFTA; and contact information for other relevant agencies and organizations. On an annual basis, DFTA would have to distribute a printed version of the toolkit at older adult centers, to homebound older adults, and to new or potential participants in DFTA programs. DFTA would also have to post the toolkit on its website and ensure that the printed and digital versions are accessible. This bill would require regular updates to the toolkit.   Not available Not available
Res 0055-2026 *Tiffany L. Cabán Proposed Res. No. 55-AAllow municipalities and localities that have a senior citizen rent increase exemption program to establish an automatic enrollment program. (S.2220/A.5232)Resolution    Not available Not available
Res 0431-2026 *Susan Zhuang  Authorizing property tax incentives for property owners who dedicate fifteen percent of existing housing stock to senior citizens and individuals experiencing homelessness.Resolution    Not available Not available
Res 0470-2026 *Susan Zhuang  Permit other qualifying members of a household to qualify for the disability rent increase exemption. (S.3563/A.10927)Resolution    Not available Not available
Res 0471-2026 *Susan Zhuang  Shift income verification responsibilities for the Senior Citizen Homeowners’ Exemption (SCHE) from local governments to the New York State Department of Taxation and Finance.Resolution    Not available Not available
Res 0512-2026 *Susan Zhuang  Provide for a continuation of senior citizen rent increase exemption or disability rent increase exemption benefits after a period of ineligibility due to a head of household’s temporary increase in income. (S.4252/A.10721)Resolution    Not available Not available
Res 0610-2026 *Susan Zhuang Proposed Res. No. 610-AAuthorizing the City of New York to provide a full exemption from real property taxation to homeowners eligible for the Senior Citizen Homeowners’ Exemption (SCHE) and whose household’s only source of income is Social Security.Resolution    Not available Not available
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