New York legislation · 2025-2026 General Assembly
New York S1452: Enacts the "fairness in cooperative homeownership act"
Status: In committee, June 5, 2026
Enacts the "fairness in cooperative homeownership act"; regulates the submission and determinations of applications for ownership of cooperative apartments.
What the bill says
An act to amend the real property law, in relation to the timing of decisions for the sales of cooperative apartments.
From the introduced text, January 10, 2025:
AN ACT to amend the real property law, in relation to the timing of decisions for the sales of cooperative apartments THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that residential cooperative purchasers are subject to processes and conditions that do not also apply to the purchases of other single-family residences. The provisions of this act are not intended and do not diminish the duty of cooperative boards to uphold their established fiduciary duties. It is the intent of this act to significantly improve the transparency of the cooperative purchase process to the benefit of all parties involved in the transaction. § 2. The real property law is amended by adding a new article 11 to read as follows: ARTICLE 11 COOPERATIVE CORPORATIONS; TIMING OF DECISIONS SECTION 360. SHORT TITLE. 361. DEFINITIONS. 362. REQUIREMENTS FOR DETERMINATION. 363. ACKNOWLEDGEMENT OF RECEIPT OF APPLICATION. 364. TIME FOR DETERMINATION. 365. TOLLING OF TIME. 366. CONSTRUCTION. § 360. SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE CITED AS THE "FAIRNESS IN COOPERATIVE HOMEOWNERSHIP ACT". § 361. DEFINITIONS. AS USED IN THIS ARTICLE, UNLESS THE CONTEXT OTHERWISE matter in brackets [ ] is old law to be omitted. LBD04158-01-5 S. 1452 2 1. "APPLICATION" …
Sponsors
- Brian Kavanagh (D, 27) · primary sponsor
- Joseph Addabbo (D, 15)
- Cordell Cleare (D, 30)
- Leroy Comrie (D, 14)
- Peter Harckham (D, 40)
- Michelle Hinchey (D, 41)
- Robert Jackson (D, 31)
- Shelley Mayer (D, 37)
- Dean Murray (R, 3)
- Zellnor Myrie (D, 20)
- Anthony Palumbo (R, 1)
- Julia Salazar (D, 18)
Latest actions
- : COMMITTED TO RULES
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.1180
- : REFERRED TO JUDICIARY
- : REFERRED TO JUDICIARY
Votes
- Senate Judiciary Committee: COMMITTEE Vote (May 19, 2026): 19 yea, 0 nay, passed
- Judiciary Committee Vote (May 19, 2026): 19 yea, 0 nay, passed
Subjects: Real Property Law
Common questions
- What is S1452?
- S1452 is a bill in the New York Legislature (2025-2026 General Assembly): Enacts the "fairness in cooperative homeownership act".
- What does S1452 do?
- In its own words: An act to amend the real property law, in relation to the timing of decisions for the sales of cooperative apartments.
- What is the status of S1452?
- In committee as of June 5, 2026. Latest action: COMMITTED TO RULES (June 5, 2026).
- Who sponsored S1452?
- Brian Kavanagh (D, 27), with 11 co-sponsors.
- Where is the official record for S1452?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S1452
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.