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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 have a board comprised of the mayor or their designee; the commissioner of finance or their designee; the commissioner of housing preservation and development or their designee; three persons appointed by the speaker of the council; and one person appointed by the mayor with the advice and consent of the council. The land bank would be empowered under state and local law to purchase tax liens from the city and to enforce such tax liens in accordance with policies and procedures intended to promote the goals of collecting outstanding revenues of the city; preserving ownership and equity interests in homes; preventing the displacement of residents from their dwellings; promoting proper and effective management of multiple dwelling residents; and preventing recidivism among properties with tax liens. | Hearing Held by Committee | |
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Int 0570-2024
| * | Gale A. Brewer | | | 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 have a board comprised of the mayor or their designee; the commissioner of finance or their designee; the commissioner of housing preservation and development or their designee; three persons appointed by the speaker of the council; and one person appointed by the mayor with the advice and consent of the council. The land bank would be empowered under state and local law to purchase tax liens from the city and to enforce such tax liens in accordance with policies and procedures intended to promote the goals of collecting outstanding revenues of the city; preserving ownership and equity interests in homes; preventing the displacement of residents from their dwellings; promoting proper and effective management of multiple dwelling residents; and preventing recidivism among properties with tax liens. | Amendment Proposed by Comm | |
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Int 0570-2024
| * | Gale A. Brewer | | | 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 have a board comprised of the mayor or their designee; the commissioner of finance or their designee; the commissioner of housing preservation and development or their designee; three persons appointed by the speaker of the council; and one person appointed by the mayor with the advice and consent of the council. The land bank would be empowered under state and local law to purchase tax liens from the city and to enforce such tax liens in accordance with policies and procedures intended to promote the goals of collecting outstanding revenues of the city; preserving ownership and equity interests in homes; preventing the displacement of residents from their dwellings; promoting proper and effective management of multiple dwelling residents; and preventing recidivism among properties with tax liens. | Laid Over by Committee | |
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Int 1407-2025
| * | Adrienne E. Adams | | | Sale of tax liens. | Introduction | Currently, the City has authority to sell tax liens through 2028 pursuant to methods authorized in the administrative code. This bill would amend the administrative code to authorize the City to sell tax liens to a New York city land bank through a negotiated sale, and would not provide an expiration date for such authority. Additionally, this bill would require the commissioner of finance to include in the terms and conditions of any sale of tax liens the term and condition that no purchaser of a tax lien may foreclose upon a lien on class one residential real property occupied by the owner as a primary resident until 1 year has passed after the date of sale and the value of the lien reaches the lesser amount of 15% of the property value or $70,000, 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. | Hearing Held by Committee | |
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Int 1407-2025
| * | Adrienne E. Adams | | | Sale of tax liens. | Introduction | Currently, the City has authority to sell tax liens through 2028 pursuant to methods authorized in the administrative code. This bill would amend the administrative code to authorize the City to sell tax liens to a New York city land bank through a negotiated sale, and would not provide an expiration date for such authority. Additionally, this bill would require the commissioner of finance to include in the terms and conditions of any sale of tax liens the term and condition that no purchaser of a tax lien may foreclose upon a lien on class one residential real property occupied by the owner as a primary resident until 1 year has passed after the date of sale and the value of the lien reaches the lesser amount of 15% of the property value or $70,000, 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. | Laid Over by Committee | |
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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 on a unit within the condominium. | Hearing Held by Committee | |
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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 on a unit within the condominium. | Laid Over by Committee | |
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Int 1419-2025
| * | Sandy Nurse | | | Reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens. | 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. | Hearing Held by Committee | |
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Int 1419-2025
| * | Sandy Nurse | | | Reporting regarding unresolved tax liens, and to repeal and replace section 11-356 of such code, relating to a temporary task force on tax liens. | 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. | Laid Over by Committee | |
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Int 1420-2025
| * | Sandy Nurse | | | Transfer of tax liens to a land bank. | Introduction | This bill would require the commissioner of finance to require purchasers of tax liens to make best efforts to transfer such liens to the New York city land bank (land bank) upon certain triggering events. Lien purchasers would be required to make best efforts to transfer any liens held in a trust established earlier than 1999 (known as the “graveyard trust”) no later than six months after the establishment of the land bank, and to make best efforts to transfer any other liens after all debt obligations secured by such liens are satisfied. In the event that legal or financial obstacles would prevent the transfer of a lien, the purchasers would be required to report to the City the specific liens and relevant obstacles, and identify when such obstacles may no longer prevent the transfer of such liens in the future. Purchasers who identify liens prevented from transfer would be required to again make best efforts to transfer such liens to a land bank no later than two years after having first been required to attempt such transfer. | Hearing Held by Committee | |
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Int 1420-2025
| * | Sandy Nurse | | | Transfer of tax liens to a land bank. | Introduction | This bill would require the commissioner of finance to require purchasers of tax liens to make best efforts to transfer such liens to the New York city land bank (land bank) upon certain triggering events. Lien purchasers would be required to make best efforts to transfer any liens held in a trust established earlier than 1999 (known as the “graveyard trust”) no later than six months after the establishment of the land bank, and to make best efforts to transfer any other liens after all debt obligations secured by such liens are satisfied. In the event that legal or financial obstacles would prevent the transfer of a lien, the purchasers would be required to report to the City the specific liens and relevant obstacles, and identify when such obstacles may no longer prevent the transfer of such liens in the future. Purchasers who identify liens prevented from transfer would be required to again make best efforts to transfer such liens to a land bank no later than two years after having first been required to attempt such transfer. | Laid Over by Committee | |
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