NYC Council Introduction 799

intro.nyc/0799-2022 2022-2023 Legislative Session
A temporary moratorium on third party transfers of real property and a study on the eligibility of transferable property.
Status: Filed (End of Session) Committee on Finance
Sponsored by Public Advocate Jumaane Williams
Introduced: October 27, 2022

This bill would impose a two-year moratorium on the Department of Housing Preservation and Development’s (HPD) Third Party Transfer program. The bill would also require quarterly reporting in which HPD discloses the properties it has identified as eligible for transfer through the Third Party Transfer program.

Sponsors: 4