Council reviews Penn South property tax exemption agreement

The NYC Council Committee on Finance will consider a proposed Tenth Amendatory Agreement with Penn South to continue an exemption from real property taxes for multiple housing properties in Manhattan under the Private Housing Finance Law. The agenda item does not specify the financial amount or duration of the exemption.

Document date · January 29, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Described as a Tenth Amendatory Agreement extending or modifying an existing real property tax exemption arrangement under the Private Housing Finance Law.

Document type

Agenda

Source document

New York City Council Committee on Finance Agenda January 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Administration for Children s Services?

Penn South was awarded this financial services contract by NYC-Administration for Children s Services, as recorded on January 29, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in New York City Council Committee on Finance Agenda January 2026 (Agenda), dated January 29, 2026 from NYC-Administration for Children s Services. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Penn South hold?

Penn South may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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