NYC: Closing the Co-Op Fair Housing Loophole In Media Spotlight Again

"A bill before the City Council would change that by requiring co-op boards in buildings with at least 10 units to explain the reasons they reject prospective purchasers and impose fines up to $25,000 for failing to comply. The legislation has gained 29 Council sponsors since Public Advocate Jumaane Williams introduced it in February of last year," reported WNYC's Gothamist.

"But it’s just the latest in a decades-long series of similar, though unsuccessful measures that have faced fierce opposition from co-op boards. The current version remains stuck in the legislative mud, without so much as a hearing 10 months after it was introduced. And councilmembers with the most co-ops in their districts — a swath of territory largely concentrated in Manhattan — have not signed on as sponsors and refused to answer questions from Gothamist about whether they would support the legislation."