New York City Council Committee on Finance Agenda January 2026
Council weighs Tenth Amendatory Agreement with Penn South
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Description
The New York City Council Committee on Finance is considering a preconsidered resolution to approve a Tenth Amendatory Agreement with Penn South that would continue or modify real property tax exemptions for several Manhattan properties under the Private Housing Finance Law. The action would formalize tax benefits tied to the cooperative housing development's affordability and financing structure.
Contract Details
Vendor
PENN SOUTH
Agency
City of New York, NY
Contract Type
OTHER
Document Date
January 29, 2026
Renewal Info
Described as a proposed Tenth Amendatory Agreement, indicating there have been nine prior amendments to this tax exemption arrangement between the City and Penn South.
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