NYC Co-op Sales: New Bills Push for Transparency
Update: 2025-12-18
Description
New York Citys co-op apartment sales may undergo a significant shift as a proposed bill, Intro. 0407, aims to bring transparency to the application process. Public Advocate Jumaane Williams, who sponsored the bill, believes this change is necessary to combat potential discrimination, which is estimated to play a role in nearly one-fifth of board decisions. If passed, co-op boards would need to provide a written explanation within five days of their decision. Additionally, another bill, Intro. 0438, would require co-ops to disclose their finances to successful purchasers. Both bills, currently in committee, could make homeownership more accessible and equitable in New York City.
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