Local law · Int 0438-2024
Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments
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.
New York City Council
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
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.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Committee on Housing and Buildings
Cosponsors
Public Advocate Jumaane Williams, Lincoln Restler and 12 others
Cosponsors in the order the New York City Council lists them.
- Democratic12
Party is shown for the 12 cosponsors who are on Agora.
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- Public Advocate Jumaane Williams
- Lincoln Restler
- Julie Won
- Amanda C. Farías
- Tiffany L. Cabán
- Diana I. Ayala
- Farah N. Louis
- Yusef Salaam
- Crystal Hudson
- Alexa Avilés
- Sandy Nurse
- Althea V. Stevens
Show the full list (14 names)Show fewer cosponsors
Names without a link are in the official record but not on Agora.
Full history
- Dec 31, 2025
Filed
This Introduction was Filed (End of Session)
NYC Council
- Dec 2, 2025
Hearing held
This Introduction was Hearing Held by Committee
Committee on Housing and Buildings
- Dec 2, 2025
Held over
This Introduction was Laid Over by Committee
Committee on Housing and Buildings
- Feb 28, 2024
Introduced
This Introduction was Introduced by Council
NYC Council
- Feb 28, 2024
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Housing and Buildings
NYC Council