Requiring increased transparency regarding the sale of housing development fund company units.

A Local Law to amend the administrative code of the city of New York, in relation to requiring increased transparency regarding the sale of housing development fund company units

This bill would require the Department of Housing Preservation and Development to submit a report to the Mayor and the Speaker of the Council on the total number of housing development fund company units sold within each community board district, and the average sale price and median sale price of housing development fund company units sold within each community board district.