Bill > A05575

This bill imposes significant governance and reporting requirements on the New York City Housing Authority (NYCHA). It mandates that board members exercise direct oversight of the authority's management, understand financial controls, adopt a code of ethics, and perform their duties in good faith with independent judgment. The bill requires all board members to complete training on their legal, fiduciary, financial, and ethical responsibilities within one year of appointment. Additionally, the bill establishes new provisions for property disposition, including requirements for public hearings, detailed reporting, and transparency around property sales. The legislation creates an Office of Inspector General with broad investigative powers to combat corruption and fraud, establishes a project tracking system for capital and maintenance projects, and mandates comprehensive annual reporting to various government entities. The bill also includes provisions for whistleblower protection, financial disclosure, and tenant assistance, with specific requirements for the Citywide Council of Presidents (CCOP) to use federal funds for technical assistance. Furthermore, it requires the authority to comply with city building codes and introduces oversight for sole-source contracts by requiring notification and approval from the city comptroller.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A5575