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 Sep 26, 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 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 · Sep 26, 2024
Referred to Comm by Council · Sep 26, 2024
Hearing Held by Committee · Sep 30, 2024
Committee on Housing and Buildings
Laid Over by Committee · Sep 30, 2024
Committee on Housing and Buildings
Filed (End of Session) · Dec 31, 2025
Official documents
Summary of Int. No. 1063
officialInt. No. 1063
officialSeptember 26, 2024 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 9-26-24
officialMinutes of the Stated Meeting - September 26, 2024
officialCommittee Report 9/30/24
officialHearing Testimony 9/30/24
officialHearing Transcript 9/30/24
officialProposed Int. No. 1063-A - 12/30/25
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
32
sponsors on the bill
Sponsors
Pierina Ana SanchezCrystal HudsonCarmen N. De La RosaGale A. BrewerLynn C. SchulmanJennifer GutiérrezLincoln RestlerShaun AbreuSandy NurseTiffany L. CabánSandra UngAlexa AvilésChi A. OsséKamillah HanksChristopher MarteShahana K. HanifShekar KrishnanYusef SalaamNantasha M. WilliamsChris BanksRita C. JosephOswald J. FelizDiana I. AyalaAmanda C. FaríasFarah N. LouisSelvena N. Brooks-PowersJulie WonKevin C. RileyAlthea V. StevensRafael Salamanca, Jr.Mercedes NarcissePublic Advocate Jumaane Williams
Who is lobbying on this
Neighborhood Restore Housing Development Fund Corporationvia The Elk Street Group, LLC · Real Estate, Construction, Engineering & Developer
4 filingsCommunity Service Society of New Yorkvia Community Service Society of New York · Public, Community Interest & Not-for-profit Organization
1 filingAssociation for Neighborhood & Housing Development, Inc.via Association for Neighborhood & Housing Development, Inc. · Public, Community Interest & Not-for-profit Organization
1 filingFrom 6 City Clerk eLobbyist filings naming this bill (2024 to 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: Filed (End of Session) (Dec 31, 2025).