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Local law · Int 0905-2026

Giving qualified entities a first opportunity to submit a statement of interest and a first opportunity to purchase certain properties

New York City Council

PassedLatest action Oct 22, 2026

Sponsor: Sandy Nurse (Council Member, District 37, Democratic)

Introduced in conjunction with the Brooklyn Borough President.

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.

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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Oct 23, 2026. About our data

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 20 days to submit a statement of interest in purchasing the property, and 70 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 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

Where it stands

Passed the legislature and is awaiting a signature.

  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

32

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

  • Democratic31

Party is shown for the 31 cosponsors who are on Agora.

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Show the full list (32 names)

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Recorded votes

  • Vote: Approved by Committee

    Committee on Housing and BuildingsOct 22, 2026Result: passed

    (10) (0) (1) (0)

  • Vote: Approved by Council

    NYC CouncilOct 22, 2026Result: passed

    (38) (9) (2) (2)

Full history

  1. Oct 22, 2026

    Committee vote

    A motion was made that this Introduction be Approved by Committee approved by Roll Call.

    Committee on Housing and Buildings

  2. Oct 22, 2026

    Passed a chamber

    A motion was made that this Introduction be Approved by Council approved by Roll Call.

    NYC Council

  3. Oct 22, 2026

    Amended

    This Introduction was Amended by Committee

    Committee on Housing and Buildings

  4. Oct 22, 2026

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Housing and Buildings

  5. Oct 22, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

Show full history (4 earlier events)
  1. Sep 9, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  2. Sep 9, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Housing and Buildings

  3. May 14, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  4. May 14, 2026

    Referred to committee

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

    NYC Council

Read the record