Bill > S06517

This bill requires the commissioner of the Department of Housing Preservation and Development in New York City to provide an annual report about the Tenant Interim Lease (TIL) Program. Starting February 1st of the year following the bill's enactment, and every year thereafter, the commissioner must submit a comprehensive report to key government officials, including the Governor, Senate President, Assembly Speaker, Mayor, and City Council. The report must detail the program's funding, including the amount of money allocated and how it was used, provide information about the current buildings and participants in the TIL Program, and offer recommendations for improving the program's effectiveness. The Tenant Interim Lease Program is a housing initiative that typically helps tenants in certain buildings work towards potential cooperative ownership or long-term housing stability. The bill aims to increase transparency and accountability by mandating regular, detailed reporting on the program's operations and outcomes.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6517