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Proposed Rules: Closed to Comments

Comment By: 
Thursday, February 27, 2020
Proposed Rules Content: 

Local Law 45 of 2019 amended the Administrative Code of the City of New York by adding a new section 11-322.1. This local law created three forms of hardship installment payment agreements for eligible one-to-three family residential property owners and condominium property owners that may be entered into where such a property serves as the primary residence of the property owner. The three forms of hardship installment payment agreements authorized by Local Law 45 of 2019 are: a senior low-income installment agreement, a fixed length income-based installment agreement, and an extenuating circumstances income-based installment agreement. 


Rules Concerning Hardship Installment Payment Agreements

Department of Finance Hearing Room
375 Pearl Street 30th Floor
New York, NY 10038

• Website:
• Email:
• Mail: NYC Department of Finance, Legal Affairs Division, 375 Pearl Street, 30th Floor, New York, NY 10038, Attn: Timothy LaRose.
• Fax: NYC Department of Finance, Attn: Timothy LaRose, at (718) 488-2491.
• By speaking: Call Joan Best at (718) 488-2007 to sign up to speak at the hearing, or you can sign up in the hearing room before the hearing
begins on February 27, 2020.

Download Copy of Proposed Rule (.pdf):