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NYSAR-Supported Coop Transparency Bill Introduced in Assembly

From: Long Island Board of REALTORS®, Inc. (LIBOR) Sent: Thursday, March 11, 2021 Subject: LIBOR News Update - March 10!

This week, Assembly member Charles Lavine (Chair of the Assembly Judiciary Committee) introduced NYSAR-supported legislation that would create the Fairness in Cooperative Homeownership Act (A.5856/S.2846). This bill would establish reasonable timelines for coop boards to respond to prospective home purchasers throughout the application and review process in order to combat illegal discrimination. On Friday, NYSAR staff met with Assembly member Lavine’s office to encourage the inclusion of this bill in an Assembly fair housing package should they take one up this year.

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