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Local law · Int 1120-2024

Establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Latest action Jan 29, 2026

New York City Council

Sponsor

Amanda C. Farías

Council Member, District 18 · Democratic

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Summary

This bill would set timelines for decisions regarding the sale of co-op apartments. It would generally require the co-op to acknowledge receipt of application materials within 15 days, and provide notice of whether it has consented to the sale within 45 days after the application is complete, with extensions possible in some circumstances. This bill would require the Department of Housing Preservation and Development to issue violations for a co-op’s failure to meet these requirements, resulting in civil penalties of $1,000 for a first violation, $1,500 for a second violation, and $2,000 for third and subsequent violations.

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 Aug 1, 2026. About our data

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Where it stands

Became law over a veto.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Housing and Buildings

Cosponsors

Nantasha M. Williams, Farah N. Louis and 12 others

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

  • Democratic11

Party is shown for the 11 cosponsors who are on Agora.

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Show the full list (14 names)

Names without a link are in the official record but not on Agora.

Recorded votes

  • Vote: Approved by Committee

    Committee on Housing and BuildingsJan 29, 2026Result: passed

    (11) (0) (0) (0)

  • Vote: Overridden by Council

    NYC CouncilJan 29, 2026Result: passed

    (51) (0) (0) (0)

  • Vote: Approved by Council

    NYC CouncilDec 18, 2025Result: passed

    (46) (2) (0) (3)

  • Vote: Approved by Committee

    Committee on Housing and BuildingsDec 18, 2025Result: passed

    (7) (0) (0) (0)

Full history

  1. Jan 29, 2026

    Committee vote

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

    Committee on Housing and Buildings

  2. Jan 29, 2026

    A Motion Was Made That This Introduction be Approved by Council Approved by Consent Roll Call.

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

    NYC Council

  3. Jan 29, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  4. Dec 31, 2025

    Vetoed

    This Introduction was Vetoed by Mayor

    Mayor

  5. 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

Show full history (10 earlier events)
  1. Dec 18, 2025

    Passed a chamber

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

    NYC Council

  2. Dec 18, 2025

    Amended

    This Introduction was Amended by Committee

    Committee on Housing and Buildings

  3. Dec 18, 2025

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Housing and Buildings

  4. Dec 18, 2025

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  5. Dec 18, 2025

    Sent to the executive

    This Introduction was Sent to Mayor by Council

    NYC Council

  6. Dec 2, 2025

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Housing and Buildings

  7. Dec 2, 2025

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  8. Dec 2, 2025

    Held over

    This Introduction was Laid Over by Committee

    Committee on Housing and Buildings

  9. Nov 21, 2024

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  10. Nov 21, 2024

    Referred to committee

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

    NYC Council