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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

Legislative History

View on NYC Legistar