Local law · Int 1063-2024
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…
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.
New York City Council
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
Introduced in conjunction with the Brooklyn Borough President.
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
Crystal Hudson, Carmen N. De La Rosa and 29 others
Cosponsors in the order the New York City Council lists them.
- Democratic28
Party is shown for the 28 cosponsors who are on Agora.
Shown in neutral colors by design; Agora is non-partisan.
- Crystal Hudson
- Carmen N. De La Rosa
- Gale A. Brewer
- Lynn C. Schulman
- Jennifer Gutiérrez
- Lincoln Restler
- Shaun Abreu
- Sandy Nurse
- Tiffany L. Cabán
- Sandra Ung
- Alexa Avilés
- Chi A. Ossé
Show the full list (31 names)Show fewer cosponsors
- Kamillah Hanks
- Christopher Marte
- Shahana K. Hanif
- Shekar Krishnan
- Yusef Salaam
- Nantasha M. Williams
- Chris Banks
- Rita C. Joseph
- Oswald J. Feliz
- Diana I. Ayala
- Amanda C. Farías
- Farah N. Louis
- Selvena N. Brooks-Powers
- Julie Won
- Kevin C. Riley
- Althea V. Stevens
- Rafael Salamanca, Jr.
- Mercedes Narcisse
- Public Advocate Jumaane Williams
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
- Sep 30, 2024
Hearing held
This Introduction was Hearing Held by Committee
Committee on Housing and Buildings
- Sep 30, 2024
Held over
This Introduction was Laid Over by Committee
Committee on Housing and Buildings
- Sep 26, 2024
Introduced
This Introduction was Introduced by Council
NYC Council
- Sep 26, 2024
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Housing and Buildings
NYC Council