govt.fyi
NYC Council · Int 0438-2024 · Filed (End of Session)

Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments.

Introduced
Moved
Reached a final decision
Introduced Feb 28, 2024
Official status: Filed (End of Session)
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 · Feb 28, 2024
Referred to Comm by Council · Feb 28, 2024
Hearing Held by Committee · Dec 2, 2025

Committee on Housing and Buildings

Laid Over by Committee · Dec 2, 2025

Committee on Housing and Buildings

Filed (End of Session) · Dec 31, 2025

Official documents

Summary of Int. No. 438
official
Int. No. 438
official
February 28, 2024 - Stated Meeting Agenda
official
Hearing Transcript - Stated Meeting 2-28-24
official
Minutes of the Stated Meeting - February 28, 2024
official
Fiscal Impact Statement - City Council
official
Fiscal Impact Statement - OMB
official
Committee Report 12/2/25
official
Hearing Testimony 12/2/25
official
Hearing Transcript 12/2/25
official
Straight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.

The numbers

15
sponsors on the bill

Sponsors

Pierina Ana SanchezPublic Advocate Jumaane WilliamsLincoln RestlerJulie WonAmanda C. FaríasTiffany L. CabánDiana I. AyalaFarah N. LouisYusef SalaamCrystal HudsonAlexa AvilésSandy NurseAlthea V. StevensJennifer GutiérrezNantasha M. Williams

Who is lobbying on this

Council of New York Cooperatives and Condominiumsvia Cozen O'Connor Public Strategies, LLC · Real Estate, Construction, Engineering & Developer
1 filing
Center for Independence of the Disabled in New York, Inc.via Center for Independence of the Disabled in New York, Inc. · Public, Community Interest & Not-for-profit Organization
1 filing
From 2 City Clerk eLobbyist filings naming this bill (2024 to 2025). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.
Every fact on this page links to its source, starting with the official bill record. Last action: Filed (End of Session) (Dec 31, 2025).