Int 1595-2019
Increasing transparency for third party transfer properties submitted for council review.
IntroductionFiledCommittee on Housing and Buildingsintroduced 2019-06-13
Filed — closed without being enacted.
Official record · Legistar
Agenda: 2019-06-13Passed: 2021-12-31
Summary
This bill would require the Commissioner of Finance to provide documentation of all outstanding arrears for any property subject to third party transfer to every Council Member as part of the Council’s third party transfer review of those properties.
Committee on Housing and Buildings — Department of Housing Preservation and Development, Department of Buildings and rent regulation.
How it compares
12% of similar bills passed
6 passed · 44 died
This bill: 932 days in committee
Similar bills: median 625 days · 229 days when passed
Compared against 50 Introduction bills in Committee on Housing and Buildings.
Ranked by how closely each matches this bill's topic — closest first:
Int 0837-2000
Ownership third party transfer process used for distressed buildings.
411dFiled
Int 0838-2000
Moratorium on the transfer of properties under the third party transfer program.
411dFiled
Int 1104-2016
Requiring transparency regarding the tax arrears and housing maintenance code violations of housing development fund companies.
662dFiled
Int 0680-2024
Reporting of foreclosing residential properties to council members.
652dFiled
Int 1125-2018
Reporting of foreclosing residential properties to council members.
1192dFiled
Int 0109-2022
Reporting of foreclosing residential properties to council members.
647dFiled
+ 44 more comparable bills
Sponsors (6)
Lifecycle
IntroducedIntroduced by Council
2019-06-13 · City Council
ActionReferred to Comm by Council
2019-06-13 · City Council
ClosedFiled (End of Session)
2021-12-31 · City Council
Heard at (1)
City Council · 2019-06-13 · 1:30 PM · Council Chambers - City Hall
Attachments (6)
- Summary of Int. No. 1595
- Int. No. 1595
- June 13, 2019 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 6-13-19
- Minutes of the Recessed Meeting of May 29, 2019 Held on June 13, 2019
- Minutes of the Stated Meeting - June 13, 2019
Full text
Be it enacted by the Council as follows:
Section 1. Section 11-412.2 of chapter 4 of title 11 of the administrative code of the city of New York is amended to read as follows:
� 11-412.2 Council review of conveyance to a third party. The commissioner of finance shall, prior to the execution of a deed conveying full and complete title of any parcel of class one or class two real property to a third party pursuant to subdivision c of section 11-412.1 of this chapter, notify the council of the proposed conveyance. Within forty-five days of such notification, the council may act by local law disapproving the proposed conveyance. In the event the council does not act by local law within such forty-five day period, the council shall be deemed to have approved the proposed conveyance. During such forty-five day period or, if the city council acts by local law pursuant to this section, during the period of time from the notification of the council to the presentation to the mayor of such local law and during any additional period of time prescribed in section 37 of the charter, the eight-month period provided in subdivisions c and i of section 11-412.1 of this chapter shall be tolled. Such notification shall include documentation of any and all outstanding arrears attached to the subject property which the commissioner of finance has used as the basis for bringing the in rem foreclosure action against the subject property.
� 2. This local law takes effect immediately.
MJT
LS #8424
3:49pm 1/18/2019
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