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Local law · Int 0657-2026

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…

New York City Council

Latest action Mar 9, 2026

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

Introduced in conjunction with the Brooklyn Borough President.

Introduced in conjunction with the Bronx Borough President.

Introduced in conjunction with the Manhattan Borough President.

Introduced in conjunction with the Queens Borough President.

Official titleShow

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

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 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 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

36

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

  • Democratic35

Party is shown for the 35 cosponsors who are on Agora.

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Full history

  1. Mar 9, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  2. Mar 9, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Housing and Buildings

  3. Feb 12, 2026

    Referred to committee

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

    NYC Council

  4. Jan 29, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

Read the record