Temporary moratorium on third party transfers of real property and a study on the eligibility of transferable property.
Introduced
Moved
Reached a final decision
Introduced Mar 10, 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 a temporary moratorium on third party transfers of real property and a study on the eligibility of transferable property” Read the full text
Finance
What it does
This bill would impose a two-year moratorium on the Department of Housing Preservation and Development’s (HPD) Third Party Transfer program. The bill would also require quarterly reporting in which HPD discloses the properties it has identified as eligible for transfer through the Third Party Transfer 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 · Mar 10, 2026
Referred to Comm by Council · Mar 10, 2026
Who decides next
This bill sits with the Finance committee. These members decide whether it ever reaches a vote; 99% of bills a committee approves become law.
Linda Lee · chairAlexa AvilésChristopher MarteCrystal HudsonDarlene MealyFrank MoranoJames F. GennaroJustin E. SanchezLincoln RestlerMercedes NarcisseNantasha M. WilliamsOswald J. FelizPhil WongSelvena N. Brooks-PowersShaun AbreuShirley AldebolVirginia Maloney
Official documents
Summary of Int. No. 760
officialInt. No. 760
officialMarch 10, 2026 - Stated Meeting Agenda
officialMemorandum in Support
officialHearing Transcript - Stated Meeting 3-10-26
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
1
sponsor 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 (Mar 10, 2026).