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Local law · Int 0426-2026

Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments

New York City Council

Latest action Jan 29, 2026

Sponsor: Pierina Ana Sanchez (Council Member, District 14, Democratic)

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments

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

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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

Summary

This bill would require any cooperative corporation to disclose its finances to a prospective purchaser whose offer to purchase an interest and right to reside in the cooperative corporation has been accepted. The financial information would have to be provided within 14 days of a request by the prospective purchaser.

Summary from NYC Council (Legistar). How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Housing and Buildings

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Cosponsors

4

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

  • Democratic3

Party is shown for the 3 cosponsors who are on Agora.

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Names without a link are in the official record but not on Agora.

Full history

  1. Jan 29, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  2. Jan 29, 2026

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Housing and Buildings

    NYC Council

Read the record