Third party transfer program, and to repeal sections 11-425, 11-426, and 11-427 of such code, relating to agreements for payment of delinquent taxes and charges in installments.
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 the third party transfer program, and to repeal sections 11-425, 11-426, and 11-427 of such code, relating to agreements for payment of delinquent taxes and charges in installments” Read the full text
Housing and Buildings
What it does
This bill would make amendments to the Third Party Transfer (“TPT”) program. Through the TPT program, the City forecloses on financially and physically distressed properties and transfers them to a third party for rehabilitation. This bill would expand the definition of distressed properties, create additional notice requirements to property owners and building residents, and provide opportunities for building owners to avoid the transfer of their property in particular circumstances, among other changes to the program.
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 · Feb 12, 2026
Hearing Held by Committee · Mar 9, 2026
Committee on Housing and Buildings
Laid Over by Committee · Mar 9, 2026
Committee on Housing and Buildings
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
Summary of Int. No. 657
officialInt. No. 657
officialFebruary 12, 2026 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 2-12-26
officialCommittee Report 3/9/26
officialFiscal Impact Statement - City Council
officialHearing Testimony 3/9/26
officialHearing Transcript 3/9/26
officialMemorandum in Support
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
37
sponsors on the bill
Sponsors
Pierina Ana SanchezCrystal HudsonCarmen N. De La RosaGale A. BrewerSandy NurseLincoln RestlerNantasha M. WilliamsShaun AbreuShekar KrishnanSandra UngShahana K. HanifTiffany L. CabánAlexa AvilésAmanda C. FaríasChristopher MarteAlthea V. StevensOswald J. FelizLynn C. SchulmanMercedes NarcisseJulie WonChris BanksKevin C. RileyChi A. OsséJennifer GutiérrezFarah N. LouisRita C. JosephShirley AldebolJustin E. SanchezSelvena N. Brooks-PowersTy HankersonVirginia MaloneyElsie EncarnaciónKayla SantosuossoYusef SalaamCarl WilsonEric DinowitzPublic Advocate Jumaane Williams
Who is lobbying on this
Community Service Society of New Yorkvia Community Service Society of New York · Public, Community Interest & Not-for-profit Organization
2 filingsReal Estate Board of New York, Inc.via Real Estate Board of New York, Inc. · Real Estate, Construction, Engineering & Developer
2 filingsNeighborhood Restore Housing Development Fund Corporationvia Cozen O'Connor Public Strategies, LLC · Public, Community Interest & Not-for-profit Organization
1 filingNew York State Association For Affordable Housing, Inc.via New York State Association For Affordable Housing, Inc. · Real Estate, Construction, Engineering & Developer
1 filingTakeRoot Justicevia TakeRoot Justice · Public, Community Interest & Not-for-profit Organization
1 filingFrom 7 City Clerk eLobbyist filings naming this bill (2026). 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: Laid Over by Committee (Mar 9, 2026).