Bill > A08313

This bill mandates that the New York City Housing Authority (NYCHA) must provide information and training to all its residents about forming resident management corporations (RMCs), which are entities made up of NYCHA residents that contract to manage certain aspects of NYCHA properties. The bill defines an RMC as a non-profit organization incorporated under the not-for-profit corporation law, which can be established by one or more resident councils, must have an elected board of directors with regular elections, and specific by-laws outlining board representation, qualifications for office, election procedures, and recall processes. Additionally, RMCs must have voting members who are heads of households or other residents aged 18 or older and listed on the lease, and their establishment requires approval from the resident council board and a majority of residents, or a majority of residents if no resident council exists. The bill also clarifies that an RMC can also function as a resident council if it meets federal requirements.