NYC Council · Int 0572-2024 · Filed (End of Session)

Requiring increased transparency regarding the sale of housing development fund company units.

Introduced

Moved

Reached a final decision

Introduced Mar 7, 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 increased transparency regarding the sale of housing development fund company units” Read the full text

Housing and Buildings

What it does

This bill would require the Department of Housing Preservation and Development to submit a report to the Mayor and the Speaker of the Council on the total number of housing development fund company units sold within each community board district, and the average sale price and median sale price of housing development fund company units sold within each community board district.

Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.