At a hearing held on February 18, 2011, the New York City Council Committees on Finance and Community Development considered a law to extend the City’s authority to securitize tax liens. The existing authority needs to be periodically renewed. The proposed statute would extend the securitization of tax liens to liens imposed under HPD’s Emergency Repair Program and to single family homes with unpaid water and sewer liens. CHPC submitted testimony in support of renewal and extension, but expressed concern over notice requirements that might be impracticable.