What's happening
This bill requires legislative approval for any sale or transfer of New York City Housing Authority property to private entities.
Why it matters
Adds legislative oversight to NYCHA property sales. By requiring state legislature approval for any sale or transfer of New York City Housing Authority (NYCHA) property to private entities, the bill creates a new layer of public accountability over decisions affecting public housing assets.
Could slow or complicate privatization efforts. The need for legislative approval may make it more difficult or time-consuming for NYCHA to sell or transfer its properties, potentially limiting or delaying privatization initiatives and ensuring more public debate and scrutiny.
Aims to protect public housing stock. By making it harder to transfer ownership to private parties, the bill could help preserve affordable housing for low-income New Yorkers and prevent the loss of public assets to private interests.
Applies to all future transactions. The law would affect any NYCHA property sale or transfer contract initiated after its enactment, signaling a significant policy shift in how public housing assets are managed in New York City moving forward.
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Who cares
Headline styles
Legislature Must OK NYCHA Sales
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to housing
- Referred to housing
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1830
2025-2026 Regular Sessions
IN ASSEMBLY
January 14, 2025
Introduced by M. of A. ROSENTHAL, LEVENBERG -- read once and referred to the Committee on Housing
AN ACT to amend the public housing law, in relation to regulating the conveyance of certain public housing
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Sections 402-a and 402-b of the public housing law are renumbered sections 402-b and 402-c and a new section 402-a is added to read as follows:
§ 402-a. Conveyance of public housing; restrictions. Any contract for the sale or transfer of any real property owned or controlled by the New York city housing authority to a private entity must be approved by the legislature.
§ 2. Section 402-c of the public housing law, as added by chapter 335 of the laws of 2016, is renumbered section 403-h.
§ 3. Section 402-c of the public housing law, as added by chapter 340 of the laws of 2016, is renumbered section 402-i.
§ 4. This act shall take effect immediately and shall apply to any contract for the sale or transfer of real property to a private entity by the New York city housing authority on or after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04665-01-5
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.