NYC Council Introduction 121
intro.nyc/0121-2024
2024-2025 Legislative Session
Requiring housing developers that receive public financing to assume financial responsibility for repairs required within 10 years of construction.
Status: Committee
Committee on Housing and Buildings
Introduced: February 28, 2024
This bill would require developers to assume financial responsibility for home repairs required within 10 years of the completion of construction if the homeownership development project was funded or subsidized with municipal funds.