T
he City Council's agenda is packed in the final months of the year, with several key issues up for debate. One major item is Chi Ossé's FARE Act, which would require landlords to pay rental broker fees. The bill has momentum and may be put to a vote soon, despite opposition from the Real Estate Board of New York.

    Another significant issue is the City Planning Commission's vote on the City of Yes for Housing Opportunity text amendment. This proposal aims to increase housing supply and affordability, but its fate in the Council remains uncertain. Will the Council water down the proposal or maintain key provisions like accessory dwelling units and upzoning for transit-oriented development?

    Meanwhile, the revival of J-51 tax breaks has stalled despite a state law change last year allowing the City to implement a revised version. The Council must act soon to take advantage of this window, which closes in 2026.

    In other news, former Gov. Andrew Cuomo's potential mayoral run is generating buzz among real estate professionals. If Eric Adams doesn't seek re-election, will Cuomo's past controversies be forgotten or remembered too vividly?

    The City's zoning and rental broker fees are set to take center stage as the City Council tackles several key issues in the coming weeks.