Your guide to NYC's public proceedings.

REMARKS

Introduction of Intro 1063: The Housing Recovery and Resident Protection Act

0:05:48

·

47 sec

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      Council Member Sanchez introduces Intro 1063, also known as the Housing Recovery and Resident Protection Act, which aims to overhaul the problematic 3rd party transfer program.

      • The new legislation uses the city's power of municipal foreclosure to target the worst buildings while protecting and expanding homeownership opportunities
      • It addresses issues with the previous program, such as the problematic 'block pickup' provision
      • The council member emphasizes that the new program aims to target only the most distressed properties