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Record of Proceedings

Finance Committee Votes on Two Tax Exemptions for Affordable Housing Projects on October 8, 2026

City Council — Thursday, October 8, 2026
BodyNew York City, New York
SessionCity Council
DateThursday, October 8, 2026
StatusFILED
Video Record
0:00 / 3:20

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Speaker numbers apply only to this recording.

Speaker 1

0:08

Good morning.

0:09

Welcome to the New York City Council vote for the Committee on Finance.

0:12

At this time, please place all electronic devices to vibrate.

0:16

Chair Lee, we are ready to begin.

Speaker 2

0:18

Great.

0:19

Good morning, Councilmember Linda Lee, Chair of the Committee on Finance.

0:23

I would like to recognize my fellow committee members.

0:25

We have Councilmembers Aldiball, Narcis, Marte, Morano, Feliz, Aviles, Brooks Powers, Hudson, Wrestler, Jay Sanchez, Williams, Wong, and Maloney.

0:38

And General on Zoom.

0:40

Yes.

0:41

Okay.

0:42

At today's hearing, the committee will consider and vote on the following items.

0:46

Two pre-considered resolutions approving real property tax exemptions under Article 11 of the private housing law for the following projects.

0:55

Ford and Bedford cluster phase one in the districts of Council Members Dinowitz and Feliz.

1:00

And Gowanus Green A in Councilmember Hanif's district.

1:12

And now I will ask the clerk to call the roll.

Unassigned speaker

1:15

Thank you.

Speaker 3

1:16

Ben Jacobs, Quinn Clark, Committee on Finance.

1:18

Roll call vote on the two preconsidered items.

1:23

Aye.

1:24

Councilmember Gennaro.

1:26

Aye.

1:27

Thank

Unassigned speaker

1:28

you.

Speaker 3

1:29

Councilmember Brooks Powers.

Speaker 2

1:31

I vote aye.

Speaker 3

1:33

Councilmember Felice.

1:35

Aye

Speaker 1

1:35

and all.

1:35

Congratulations, everyone.

Speaker 3

1:38

Council uh Majority Leader Abreu.

1:42

Councilmember Avialis.

Speaker 1

1:44

Aye.

Speaker 3

1:46

Councilmember Hudson.

Unassigned speaker

1:48

Aye.

Speaker 3

1:49

Councilmember Marte.

Speaker 1

1:51

Aye.

Speaker 3

1:53

Councilmember Mealy.

1:56

Councilmember Narcis.

Speaker 2

1:58

Aye.

Speaker 3

2:00

Councilmember Ressler.

2:04

Councilmember Williams.

Unassigned speaker

2:06

I vote aye.

Speaker 3

2:08

Councilmember Aldible.

Speaker 2

2:10

I vote aye.

Speaker 3

2:12

Councilmember Maloney.

Speaker 1

2:14

I vote aye.

Speaker 3

2:17

Councilmember Sanchez.

2:19

Aye.

Unassigned speaker

2:20

Oh thank you.

Speaker 3

2:21

Councilmember Wong.

Speaker 2

2:23

I vote yes on both.

Unassigned speaker

2:25

Thank

Speaker 1

2:25

you.

Speaker 3

2:26

Councilmember Morano.

2:27

Aye.

2:29

Okay.

2:30

And that's a vote of 15 in the affirmative, none of the negative with no abstentions.

Speaker 2

2:35

Okay, and we're holding it open for Majority Leader Brewing.

2:56

Okay, never mind.

Discussion Breakdown — Share of Meeting
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Summary of Proceedings

Finance Committee Votes on Two Tax Exemptions for Affordable Housing Projects on October 8, 2026

The New York City Council Committee on Finance, chaired by Councilmember Linda Lee, met on October 8, 2026 at 11:30 AM to vote on two preconsidered resolutions granting real property tax exemptions under Article 11 of the Private Housing Finance Law for affordable housing developments. The committee approved both items by a unanimous roll call vote of 15 in favor, 0 against, with no abstentions. Councilmember Shaun Abreu was absent, and Councilmember Darlene Mealy was excused on medical leave.

Consent Calendar

  • T2026-2630 (LU 0146-2026): Fordham Bedford Cluster Phase 1 – Block 3304, Lot 156; Block 3324, Lot 99, Bronx, Community District 7, Council Districts 11 and 15 (sponsored by Councilmembers Dinowitz and Feliz). Approved via Resolution No. 669.
  • T2026-2631 (LU 0147-2026): Gowanus Green A – Block 471, Lot 1, Brooklyn, Community District 6, Council District 39 (sponsored by Councilmember Hanif). Approved via Resolution No. 670.

Key Outcomes

  • Both resolutions were approved by a roll call vote of 15–0 (with one absence and one medical excusal).
  • The approved resolutions provide real property tax exemptions for the two affordable housing projects, enabling their development.

Meeting Transcript

Good morning. Welcome to the New York City Council vote for the Committee on Finance. At this time, please place all electronic devices to vibrate. Chair Lee, we are ready to begin. Great. Good morning, Councilmember Linda Lee, Chair of the Committee on Finance. I would like to recognize my fellow committee members. We have Councilmembers Aldiball, Narcis, Marte, Morano, Feliz, Aviles, Brooks Powers, Hudson, Wrestler, Jay Sanchez, Williams, Wong, and Maloney. And General on Zoom. Yes. Okay. At today's hearing, the committee will consider and vote on the following items. Two pre-considered resolutions approving real property tax exemptions under Article 11 of the private housing law for the following projects. Ford and Bedford cluster phase one in the districts of Council Members Dinowitz and Feliz. And Gowanus Green A in Councilmember Hanif's district. And now I will ask the clerk to call the roll. Thank you. Ben Jacobs, Quinn Clark, Committee on Finance. Roll call vote on the two preconsidered items. Aye. Councilmember Gennaro. Aye. Thank you. Councilmember Brooks Powers. I vote aye. Councilmember Felice. Aye and all. Congratulations, everyone. Council uh Majority Leader Abreu. Councilmember Avialis. Aye. Councilmember Hudson. Aye. Councilmember Marte. Aye. Councilmember Mealy. Councilmember Narcis. Aye. Councilmember Ressler. Councilmember Williams. I vote aye. Councilmember Aldible. I vote aye. Councilmember Maloney. I vote aye. Councilmember Sanchez. Aye. Oh thank you.

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