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Local law · Int 0068-2024

A temporary moratorium on third party transfers of real property and a study on the eligibility of transferable property

Official titleShow

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

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Filed at end of sessionLatest action Dec 31, 2025

New York City Council

Sponsor

Public Advocate Jumaane Williams

Summary

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 from NYC Council (Legistar). How we handle summaries

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Sep 7, 2026. About our data

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Where it stands

The session ended before it was voted on. It was not defeated; it simply ran out of time, which is what happens to most legislation. It would have to be reintroduced.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted
Filed at end of session

Committee

Committee on Finance

Cosponsors

Jennifer Gutiérrez, Crystal Hudson and 1 other

Cosponsors in the order the New York City Council lists them.

  • Democratic3

Shown in neutral colors by design; Agora is non-partisan.

Full history

  1. Dec 31, 2025

    Filed

    This Introduction was Filed (End of Session)

    NYC Council

  2. Feb 8, 2024

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  3. Feb 8, 2024

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Finance

    NYC Council