Requiring the department of housing preservation and development to report on the disposition of city property for affordable housing development.

A Local Law to amend the administrative code of the city of New York, in relation to requiring the department of housing preservation and development to report on the disposition of city property for affordable housing development

This bill would require the Department of Housing Preservation and Development to submit quarterly reports to the Council regarding affordable housing development projects that involve any form of city financial assistance. The quarterly reports would include the amount of city financial assistance received by the developer, the date the project received ULURP approval, and the estimated and actual closing dates for any financial assistance provided by the City.