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T2025-4338
| * | | | | Oversight - Co-Op Transparency. | Oversight | | | |
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Int 0407-2024
| * | Public Advocate Jumaane Williams | | | Sales of cooperative apartments. | Introduction | This bill would require cooperative corporations to provide prospective purchasers with a written statement of each and all of its reasons for withholding consent to a sale within five days after deciding to withhold such consent. | | |
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Int 0438-2024
| * | Pierina Ana Sanchez | | | Requiring cooperative corporations to provide financial information to prospective purchasers of cooperative apartments. | Introduction | 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. | | |
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Int 1120-2024
| * | Amanda C. Farías | | Proposed Int. No. 1120-A | Establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments. | Introduction | 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 10 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. A co-op’s failure to communicate whether or not it consents to a sale within the required period, and 10 business days after receiving notice from the prospective purchaser, would mean the co-op is deemed to consent to the sale. | | |
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