Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments.
Introduced
Moved
Reached a final decision
Introduced Jan 29, 2026
Derived from the official record below.
Officially: “A Local Law to amend the administrative code of the city of New York, in relation to requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments” Read the full text
Housing and Buildings
What it does
This bill would require any cooperative corporation to disclose its finances to a prospective purchaser whose offer to purchase an interest and right to reside in the cooperative corporation has been accepted. The financial information would have to be provided within 14 days of a request by the prospective purchaser.
Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.
Where it is
Introduced by Council · Jan 29, 2026
Referred to Comm by Council · Jan 29, 2026
Who decides next
This bill sits with the Housing and Buildings committee. These members decide whether it ever reaches a vote; 99% of bills a committee approves become law.
Pierina Ana Sanchez · chairCarl WilsonCrystal HudsonKevin C. RileyNantasha M. WilliamsOswald J. FelizRita C. JosephShaun AbreuSusan ZhuangVirginia MaloneyYusef Salaam
Official documents
January 29, 2026 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 1-29-26
officialSummary of Int. No. 426
officialInt. No. 426
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
5
sponsors on the bill
Sponsors
Every fact on this page links to its source, starting with the official bill record. Last action: Referred to Comm by Council (Jan 29, 2026).