Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities.
In connection with Wishnie’s retirement, County Executive Jenkins announced that current Director of Operations Joan McDonald has been promoted to Deputy County Executive.
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities.
Last week, the New York City Council voted to approve its new committee assignments and the Speaker’s Leadership Team, setting the legislative framework that will guide policymaking for the remainder of the Council term.
The newly announced leadership reflects representation from all five boroughs and places several key policymakers in positions that are especially influential for housing, land use, and economic development—issues central to our industry.
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities. Supporting her is Deputy Speaker Dr. Nantasha Williams, whose role will be critical in advancing policy negotiations and managing council operations.
The Council’s internal leadership structure also includes:
Shaun Abreu, Majority Leader
Kamillah Hanks, Majority Whip
Elsie Encarnacion, Deputy Whip
Sandra Ung, Deputy Leader
Chris Banks, Deputy Leader
This leadership team will play a decisive role in steering legislation through committees and onto the City Council floor.
Several committee assignments are particularly relevant to housing, land use, and development.
The Committee on Land Use is one of the most powerful bodies within the council, overseeing zoning changes, land use applications and the public review process (ULURP). As Chair, Council Member Riley will be central to decisions that affect neighborhood development, housing production and economic growth citywide.
Upon his appointment, Chair Riley stated that he is honored to lead “one of the council’s most critical bodies overseeing zoning decisions, land use policy and the public review process that guides how our neighborhoods evolve and ensures community voices remain at the center of development.” He also noted his additional committee assignments: Economic Development; Housing and Buildings; Oversight and Investigations; and Rules, Privileges, Elections and Standards and Ethics, which further expand his influence across policy areas affecting the real estate ecosystem.
This committee oversees housing policy, building regulations, code enforcement, and housing preservation issues directly impacting property owners, developers, and tenants.
The Finance Committee controls the city budget, including housing subsidies, capital funding and economic development investments.
While not directly tied to real estate, education policy often intersects with land use, school siting and neighborhood development.
This committee plays a key accountability role, with the authority to review agency actions that affect housing, development approvals and regulatory enforcement.
The Committee on Land Use, chaired by Riley, includes members Abreu, Banks, Cabán, Carr, Encarnacion, Lee, Louis, Osse, Salaam, J. Sanchez, Thomas-Henry and Zhuang.
The Committee on Housing & Buildings includes Chair Sanchez along with Abreu, Bottcher, Hudson, Feliz, Joseph, Maloney, Riley, Salaam, Williams and Zhuang.
The Committee on Small Business, chaired by Thomas-Henry, includes Brooks-Powers, Hanif, Maloney, Morano, Salaam and Santosuosso, important as small business policy continues to intersect with commercial real estate recovery.
Committee leadership determines which bills move forward, how land use applications are reviewed and how housing and development policy is shaped. These appointments signal where influence will reside and which Council Members will play leading roles in decisions affecting housing supply, affordability, zoning and economic development.
Our Government Affairs team will continue to engage City Council leadership, monitor committee activity and advocate on behalf of our members to ensure policies support a stable, fair and sustainable real estate market across New York City.
We will keep you informed as the council begins its legislative work under this new leadership structure.
About the author: Dr. Jermaine Meadows is the Director of Government Affairs for the Bronx and Manhattan for the Hudson Gateway Association of Realtors.
Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
The governor emphasized the continued strain rising costs place on households and positioned housing production, regulatory reform and tenant protections as central tools to address those pressures.
This year’s accomplishments reflect HGAR’s continued commitment to advocacy, education and engagement.
New York’s DOS licensing rules treat marketing and communications as part of the regulated brokerage business. Telemarketing compliance therefore connects directly to broker supervision obligations.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
