Provides that the sale of real property owned by the N.Y. city housing authority to a private entity must be approved by the state legislature

This bill requires the New York City Housing Authority (NYCHA) to obtain approval from the New York State legislature before selling or transferring any of its real property to a private entity. It directly affects NYCHA, which manages public housing properties, by adding a new requirement to its legal process for property sales. The key mechanism is a new section (402-a) in the Public Housing Law mandating legislative approval for all such contracts, effective immediately. This change applies to any sale or transfer of NYCHA-owned property to private buyers after the bill's enactment.