BILL NUMBER: S9723A
SPONSOR: CLEARE
 
TITLE OF BILL:
An act to amend the public housing law, in relation to providing train-
ings and information to residents regarding resident management corpo-
rations
 
PURPOSE:
This bill aims to require NYCHA to provide information and trainings to
residents regarding Resident Management Corporations
 
SUMMARY OF PROVISIONS:
Section 1:
Part 1 Defines "resident management corporation"
Part 2 Requires NYCHA to educate and inform residents about resident
management corporations
Section 2: This act shall take effect on the hundred twentieth day after
it shall have become law. Effective immediately, the addition, amendment
and/or repeal of any rule or regulation necessary for the implementation
of this act on its effective date are authorized to be made on or before
such effective date.
 
DIFFERENCE BETWEEN ORIGINAL AND AMENDED VERSION (IF APPLICABLE):
The B print removes appropriation language in statute and makes techni-
cal amendments to the definition of a resident management corporation to
conform with New York State law.
 
JUSTIFICATION:
New York must address the critical need to rehabilitate vacant units
within the New York City Housing Authority (N.Y,C.H.A.) and ensure effi-
cient, transparent use of any funds that make it into the final enacted
budget for the authority. It is vital that we expedite the process of
bringing over 5,000 vacant units back online to help meet the growing
demand for affordable housing. This initiative will improve accountabil-
ity and foster a more community-driven approach to housing management.
Establishing Resident Management Corporations (RMCs) allows residents to
take on key roles in managing NYCHA properties. RMCs are organizations
formed by residents of public housing to manage their own property. The
housing authority still owns the property. Depending on the arrangement,
the RMC may take over some or all of the management.
 
LEGISLATIVE HISTORY:
New Bill
 
FISCAL IMPLICATIONS:
TBD
 
EFFECTIVE DATE:
This act shall take effect on the hundred twentieth day after it shall
have become law. Effective immediately, the addition, amendment and/or
repeal of any rule or regulation necessary for the implementation of
this act on its effective date are authorized to be made on or before
such an effective date.