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Committee on Housing and Buildings

Thursday, January 29, 2026 · 10:15 AM AM · 250 Broadway - 8th Floor - Hearing Room 2

TL;DR

The Housing Committee approved a new law that would require cooperative apartment buildings to make faster decisions on whether to approve or reject apartment sales. This addresses a long-standing complaint from co-op buyers who can face months of uncertainty. The Mayor had vetoed a similar version of this law, but the Committee moved forward with the new version anyway.

Key Decisions

  • New law requiring co-ops to approve/deny apartment sales on a timeline Passed
  • Mayor's veto of previous co-op sales law Filed (rejected by Committee)
Agenda PDF Minutes PDF Video

Agenda

  1. Int 1120-2024 A Local Law to amend the administrative code of the city of New York, in relation to establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments
    Introduction
    Action: Hearing Held by Committee

    This Introduction was Hearing Held by Committee

  2. M 0011-2026 Communication from the Mayor – Veto and disapproval of Introductory Number 1120-B of 2024 - A Local Law to amend the administrative code of the city of New York, in relation to establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments
    Mayor's Message
    Action: Hearing Held by Committee

    This Mayor's Message was Hearing Held by Committee

  3. Roll Call
  4. Int 1120-2024 A Local Law to amend the administrative code of the city of New York, in relation to establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments
    Introduction
    Action: Approved by Committee Passed

    A motion was made that this Introduction be Approved by Committee approved by Roll Call.

  5. M 0011-2026 Communication from the Mayor – Veto and disapproval of Introductory Number 1120-B of 2024 - A Local Law to amend the administrative code of the city of New York, in relation to establishing timelines for cooperative corporations to approve or deny the sale of cooperative apartments
    Mayor's Message
    Action: Filed by Committee

    This Mayor's Message was Filed by Committee