Relates to cooperative or limited-profit housing companies and conversions to cooperative or condominium ownership in the city of New York

Summary

The bill revises the legal definition of a “plan” used in offering statements for converting rental buildings to co‑ops or condos. It expands coverage to conversions that involve existing cooperative or limited‑profit housing companies, even when those conversions fall under certain sections of the Private Housing Finance Law. The amendment becomes effective immediately.

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