New York A08313 requires NYCHA to inform and train residents on forming resident management corporations.

New York A08313 mandates the New York City Housing Authority (NYCHA) to provide information and training to all residents about forming resident management corporations. These corporations manage NYCHA properties and must be non-profit entities composed of NYCHA residents. The bill outlines requirements for these corporations, including having an elected board of directors, by-laws, and approval from resident councils or a majority of residents. NYCHA must also inform residents about the potential benefits of creating such corporations.

New York A08313 requires NYCHA to inform and train residents on forming resident management corporations.

New York A08313 mandates the New York City Housing Authority (NYCHA) to provide information and training to all residents about forming resident management corporations. These corporations manage NYCHA properties and must be non-profit entities composed of NYCHA residents. The bill outlines requirements for these corporations, including having an elected board of directors, by-laws, and approval from resident councils or a majority of residents. NYCHA must also inform residents about the potential benefits of creating such corporations.