New York S09723 requires NYCHA to inform and train residents about resident management corporations, including their formation, requirements, and.
New York S09723 mandates the New York City Housing Authority (NYCHA) to provide information and training to all residents about resident management corporations. These corporations are entities formed by NYCHA residents to manage housing activities. The bill outlines the requirements for these corporations, including being a non-profit organization, having an elected board of directors, and including resident representatives in their by-laws. NYCHA must ensure these corporations meet federal laws and regulations if they also serve as resident councils.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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