Condo transparency bill draws opposition from committee members citing NYC co‑op strain Senate Bill 70541 would require disclosure of engineering reports and other documents for condominium and corporate housing purchasers; a committee member opposed the measure, saying it would exacerbate pressures on co‑ops already facing Local Law 97 mandates, while sponsors said the bill is a transparency measure.

A new condo transparency bill has ignited fierce debate, with critics warning it could burden NYC co-ops and condos already struggling under existing mandates.

Click to read more!

#NY #CitizenPortal #ConsumerProtection #HousingRegulations #NewYorkCondos #BuildingTransparency