New York City is facing a severe housing and affordability crisis. In such a constrained environment, every part of our housing system must operate efficiently, fairly, and transparently. Yet for too long, one major pathway to homeownership — the cooperative apartment purchase process — has operated with little structure and virtually no accountability.
That is precisely the gap the City Council sought to address through my bill, Intro 1120 — and why it is critical that the Council now move to override former Mayor Adams’ veto of this legislation.
