Track Legislation
Res 0376-2026ResolutionUpdatedPending 100d
Approve Tax Exemption for Brooklyn Affordable Housing
Updated on Apr 23, 2026This bill was recently updated.
IntroducedIntro
In CommitteeComm.
Council VoteVote
Mayor's DeskMayor
EnactedLaw
✦ Plain-Language Summary
This resolution approves a tax exemption for a specific property in Brooklyn to support affordable housing development. By reducing the property tax burden, the city encourages the creation or preservation of affordable homes for residents. This type of exemption is a common tool used to make housing projects financially viable for developers who agree to keep rents affordable.
Details
- Introduced
- Mar 10, 2026
- Passed Council
- Mar 10, 2026
- Body
- Committee on Finance
- Type
- Resolution
- Status
- Adopted
Sponsors (1)
Introduced byLinda Lee (D23)
Council Vote
49 Yes·0 No·1 Other