A 4954 New York Assembly · 2025 Regular Session

Provides for the conversion of condominium ownership for the preservation of expiring affordable housing in the city of New York

Summary

Relates to the conversion to condominium ownership for the preservation of expiring affordable housing in the city of New York; provides expanded homeownership opportunities from the conversion of certain residential rental buildings to condominium status by property owners that commit to preserve the inventory of expiring affordable housing in the city of New York.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 10, 2025 Last action Dec 8, 2025

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Committee

REFERRED TO HOUSING

lower

1 primary · 21 co-sponsors