Chair Lee on Finance Committee bills and hearing purpose
Council Member Linda Lee outlines Finance Committee bills including Intro 307 on universal SCRIE/DRIE applications, Intro 934 on SCHE income categories, Intro 978A on income limit increases, Intro 1010 on SCHE/DHE thresholds, Intro 1033 on notice requirements, and the pre-considered training bill, then discusses the importance of rent freeze programs for older adults and people with disabilities.
Great.
Thank you so much, everyone.
Good morning.
It's so great to see all the folks from the admin, as well as all of our amazing advocates who are joining us today.
My name is Linda Lee, Chair of the Committee on Finance, and I'd also like to thank my colleagues, Councilmember Susan Zhuang and Councilmember Shahana Hanif, who are both co-chairing this hearing with me.
And we're also hearing several bills today, which will be included in the Committee on Finance, so bear with me while I read these.
Intro 307, sponsored by Councilmember Marte, would establish a universal application and recertification system for the Senior Citizen Rent Increase Exemption Program and Disability Rent Increase Exemption Program.
Intro 934, sponsored by Councilmember Simcha-Felder, would require the creation of additional annual income categories and corresponding exemption percentages for certain households eligible for the senior citizens'homeowners'exemption.
Proposed Intro 978A, sponsored by Councilmember Farah-Lewis, would require the city to increase the maximum income level qualifying for exemption from rent increases granted to certain senior citizens and persons with disabilities.
Intro 1010, sponsored by Councilmember Christopher-Marte, would increase the maximum income level qualifying for the senior citizen homeowners exemption and the disabled homeowners exemption.
Intro 1030.
sponsored by Simca Felder, would make certain informational requirements for notices concerning rent increase exemption programs discretionary.
A pre-considered bill sponsored by Councilmember Christopher Banks would require the dissemination of information on the rent freeze program and training for participating agencies.
Resolution 431, sponsored by Councilmember Susan Zhuang, calls on New York State legislature
to pass and the governor to sign legislation authorizing property tax incentives for property owners who dedicate 20% of existing housing stock to senior citizens and individuals experiencing homelessness.
Resolution 470, sponsored by Councilmember Susan Zhuang, calls on New York State Legislature to pass and the Governor to sign S3563 and A10927
to permit other qualifying members of a household to qualify for the Disability Rent Increase Exemption.
And finally, Resolution No.
471 calls on the New York State Legislature to pass and the Governor to sign S4805.
Slash A4984, which would shift income verification responsibilities for the senior citizen homeowners exemption from local governments to the New York State Department of Taxation and Finance.