Council committee hears HPD plan to overhaul third‑party transfer program in 'Safer Homes Act' HPD officials testified to the New York City Council Housing & Buildings Committee on Intro 657, the Safer Homes Act, which would replace the old third‑party transfer (TPT) selection method with a 'critical eligible' index to target severely distressed buildings, add outreach and owner supports, and create a surplus‑equity claims process. Council members pressed HPD for statutory guarantees for tenant ownership and protections for HDFC cooperatives.

The New York City Council is on the brink of reshaping housing laws with the Safer Homes Act, aiming to tackle severely distressed buildings while empowering tenants on their path to ownership.

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#NY #TenantOwnership #CitizenPortal #NewYorkHousing #CommunitySupport

Bill would give Washington housing agency new enforcement tools after audit finds broken 'rent-to-own' promises HB 2527 would require developers using federal low-income housing tax credits to support eventual tenant ownership (ETO) plans, expand Housing Finance Commission enforcement (including possible debarment), and mandate public reporting; advocates say the bill addresses audit findings that more than 500 tenant-buyers were not placed on a path to homeownership, while the Housing Finance Commission urges collaborative fixes to avoid unintended harm to tribal housing programs.

A new Washington bill aims to hold developers accountable for broken promises of homeownership to over 500 families, pushing for stronger enforcement of tenant ownership commitments.

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#WA #CommunityDevelopment #TenantOwnership #HousingAccountability #CitizenPortal