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Council Member Kevin C. Riley introduces legislation for cooperative board member training
0:53:48
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100 sec
Council Member Kevin C. Riley introduces legislation (Intro 1275) that directs the HPD commissioner to create a comprehensive training program for cooperative board members citywide. The training aims to cover housing laws, fiduciary duties, anti-discrimination protection, and best practices for managing cooperative corporations.
- The legislation also requires a citywide outreach campaign to raise awareness about the training opportunities.
- Riley emphasizes the importance of this training for Coop City, the largest cooperative housing development in the world, which he represents.
- The goal is to strengthen cooperative housing culture and support board members in making better decisions and fostering stronger communities.
Kevin C. Riley
0:53:48
Thank you, majority leader.
0:53:50
Managing the coop comes with complex responsibilities as everyday residents must navigate a web of housing laws, regulations while working to serve their communities with care and fairness.
0:54:02
As the representative of Coop City, the largest cooperative housing development in the world, I understand how important it is for Coop board members to be well informed and prepared to lead.
0:54:11
That's why I'm excuse me.
0:54:13
That's why I'm proud to introduce intro twelve seventy five, legislation that directs the commission of HPD to create a comprehensive training program for co op board members citywide.
0:54:24
The training will cover key areas including housing laws in all levels of government, fiduciary duties to shareholders, anti discrimination protection for prospective buyers, and best practices for managing a cooperative corporation.
0:54:39
This knowledge is vital to empowering board members to lead with professionalism, transparency, and accountability.
0:54:47
To support this effort, this bill also requires the commissioner to conduct a citywide outreach campaign to raise awareness and to ensure boards know about know about and take advantage of training opportunities.
0:55:00
This legislation is not just about regulatory compliance, it's also about strengthening the culture of cooperative housing and supporting the people who keep it running.
0:55:09
When board members are equipped with the right knowledge, they make better decisions, foster stronger communities, and build greater trust amongst their residents.
0:55:17
I urge my colleagues to sponsor this legislation and join me in uplifting our communities.
0:55:21
Let's ensure cooperative housing remains a stable, inclusive, and empowering foundation for families across New York City.
0:55:28
Thank you.