NYC Council Introduction 438

intro.nyc/0438-2024 2024-2025 Legislative Session
Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments.
Status: Committee Committee on Housing and Buildings
Sponsored by Pierina Ana Sanchez
Introduced: February 28, 2024

This bill would require any cooperative corporation to disclose its finances to a prospective purchaser whose offer to purchase an interest and right to reside in the cooperative corporation has been accepted. The financial information would have to be provided within 14 days of a request by the prospective purchaser.