Vote: Approved by Council
NYC CouncilDec 18, 2025Result: passed
(31) (10) (7) (3)
Local law · Int 0902-2024
Giving qualified entities a first opportunity to submit a statement of interest and a first opportunity to purchase certain properties
Official titleShow
A Local Law to amend the administrative code of the city of New York, in relation to giving qualified entities a first opportunity to submit a statement of interest and a first opportunity to purchase certain properties
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
Latest action Dec 31, 2025
New York City Council
Summary
This bill would give certain not-for-profits or joint ventures between not-for-profits and other entities, as certified by the Department of Housing Preservation and Development (“HPD”), a first opportunity to submit a statement of interest in purchasing and a first opportunity to purchase certain residential properties when offered for sale. The bill would require owners of subject properties to notify HPD and qualified entities when they intend to take action to sell such properties. Qualified entities would have 25 days to submit a statement of interest in purchasing the property, and 80 days to submit a first offer to purchase the property. Qualified entities would also have a right of first refusal if an owner receives an offer from a person other than a qualified entity. An owner would would be able to apply for an exemption to the requirements of this bill on a showing of undue financial hardship. HPD would be required to submit periodic reports on the program.
Summary from NYC Council (Legistar). How we handle summaries
Introduced at the request of the Brooklyn Borough President.
From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data
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Where it stands
Rejected by the executive.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Vetoed
Committee
Committee on Housing and Buildings
Cosponsors
Lincoln Restler, Tiffany L. Cabán and 28 others
Cosponsors in the order the New York City Council lists them.
- Democratic26
Party is shown for the 26 cosponsors who are on Agora.
Shown in neutral colors by design; Agora is non-partisan.
- Lincoln Restler
- Tiffany L. Cabán
- Crystal Hudson
- Shaun Abreu
- Alexa Avilés
- Shekar Krishnan
- Chi A. Ossé
- Carmen N. De La Rosa
- Julie Won
- Rita C. Joseph
- Nantasha M. Williams
- Gale A. Brewer
Show the full list (30 names)Show fewer cosponsors
- Pierina Ana Sanchez
- Chris Banks
- Jennifer Gutiérrez
- Amanda C. Farías
- Diana I. Ayala
- Shahana K. Hanif
- Erik D. Bottcher
- Selvena N. Brooks-Powers
- Oswald J. Feliz
- Althea V. Stevens
- Justin L. Brannan
- Linda Lee
- Lynn C. Schulman
- Sandra Ung
- Harvey D. Epstein
- Christopher Marte
- Yusef Salaam
- Public Advocate Jumaane Williams
Names without a link are in the official record but not on Agora.
Recorded votes
Vote: Approved by Committee
Committee on Housing and BuildingsDec 18, 2025Result: passed
(6) (0) (1) (0)
Full history
- Dec 31, 2025
Vetoed
This Introduction was Vetoed by Mayor
Mayor
- Dec 18, 2025
Committee vote
A motion was made that this Introduction be Approved by Committee approved by Roll Call.
Committee on Housing and Buildings
- Dec 18, 2025
Passed a chamber
A motion was made that this Introduction be Approved by Council approved by Roll Call.
NYC Council
- Dec 18, 2025
Amended
This Introduction was Amended by Committee
Committee on Housing and Buildings
- Dec 18, 2025
This Introduction Was Amendment Proposed by Comm
This Introduction was Amendment Proposed by Comm
Committee on Housing and Buildings
Show full history (6 earlier events)Show less history
- Dec 18, 2025
Hearing held
This Introduction was Hearing Held by Committee
Committee on Housing and Buildings
- Dec 18, 2025
Sent to the executive
This Introduction was Sent to Mayor by Council
NYC Council
- Jun 3, 2025
Hearing held
This Introduction was Hearing Held by Committee
Committee on Housing and Buildings
- Jun 3, 2025
Held over
This Introduction was Laid Over by Committee
Committee on Housing and Buildings
- May 16, 2024
Introduced
This Introduction was Introduced by Council
NYC Council
- May 16, 2024
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Housing and Buildings
NYC Council