A Local Law to amend the administrative code of the city of New York, in relation to requiring the department of housing preservation and development to report on the disposition of city property for affordable housing development

Summary

This bill would require the Department of Housing Preservation and Development (HPD) to submit periodic reports to the Council regarding city-financed affordable housing projects involving the disposition of city property. The reports would be due every six months and would include, for each project, the project identifier and location, the date the developer was selected by HPD, the date the project received ULURP approval, whether the project includes any privately-owned parcels, the 6-month cycle during which the disposition of city property is expected to occur, and, for projects that have already closed, the actual closing date for such disposition.

Official summary of legislation · NYC Council