Mayor Zohran Mamdani and NYC Department of Finance Commissioner Richard Lee announced a program Tuesday to help eligible small businesses and homeowners access debt relief more easily.
Debt Demolisher allows eligible New Yorkers to resolve debt accrued from city fines at a reduced cost over the next 90 days, until Jan. 10, 2027.
According to Mamdani, the city is trying to avoid flooding people with fines, while still making sure debts are paid and city-issued fines are complied with.
“When the city issues a fine, the goal is to incentivize compliance with the rules that keep all of us safe and healthy, not make it impossible to grow your business or repair your home,” Mamdani said in a statement.
Debt…