Senate Bill S9723

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9723
 
                             I N  S E N A T E
 
                               April 2, 2026
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community Development
 
 AN  ACT to amend the public housing law, in relation to providing train-
   ings and information to residents regarding resident management corpo-
   rations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public housing law is amended by adding a new section
 402-i to read as follows:
   § 402-I. RESIDENT MANAGEMENT CORPORATIONS. 1. FOR THE PURPOSES OF THIS
 SECTION, "RESIDENT MANAGEMENT CORPORATION" MEANS A CORPORATION  MADE  UP
 OF  RESIDENTS  OF  A HOUSING AUTHORITY.  SUCH RESIDENT MANAGEMENT CORPO-
 RATION:
   (A) SHALL BE A NONPROFIT ORGANIZATION VALIDLY INCORPORATED  UNDER  THE
 LAWS OF THE STATE IN WHICH IT IS LOCATED;
   (B) MAY BE ESTABLISHED BY MORE THAN ONE RESIDENT COUNCIL IF SUCH COUN-
 CIL:
   (I) APPROVES THE ESTABLISHMENT OF THE CORPORATION; AND
   (II) HAS REPRESENTATION ON THE BOARD OF DIRECTORS OF SUCH CORPORATION;
   (C)  SHALL  HAVE  AN ELECTED BOARD OF DIRECTORS WITH ELECTIONS HELD AT
 LEAST ONCE EVERY THREE YEARS;
   (D) SHALL HAVE BY-LAWS THAT:
   (I) REQUIRE THE BOARD OF DIRECTORS TO INCLUDE RESIDENT REPRESENTATIVES
 OF EACH RESIDENT COUNCIL INVOLVED IN ESTABLISHING THE CORPORATION;
   (II) INCLUDE QUALIFICATIONS TO RUN FOR OFFICE;
   (III) INCLUDE THE FREQUENCY OF ELECTIONS;
   (IV) INCLUDE PROCEDURES FOR RECALL; AND
   (V) TERM LIMITS, IF DESIRED;
   (E) SHALL HAVE VOTING MEMBERS THAT ARE HEADS OF HOUSEHOLDS  AND  OTHER
 RESIDENTS  THAT ARE AT LEAST EIGHTEEN YEARS OF AGE AND ARE LISTED ON THE
 LEASE AGREEMENT FOR A  UNIT  REPRESENTED  BY  SUCH  RESIDENT  MANAGEMENT
 CORPORATION;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05371-04-6
              

 S. 9723                             2
 
   (F)  SHALL BE APPROVED BY THE RESIDENT COUNCIL BOARD AND A MAJORITY OF
 THE RESIDENTS IF A RESIDENT COUNCIL ALREADY EXISTS. IF THERE IS NO RESI-
 DENT COUNCIL, A MAJORITY OF THE RESIDENTS OF THE PUBLIC HOUSING DEVELOP-
 MENT SUCH CORPORATION WILL REPRESENT SHALL APPROVE THE ESTABLISHMENT  OF
 SUCH CORPORATION; AND
   (G)  MAY  SERVE  AS  BOTH  THE RESIDENT MANAGEMENT CORPORATION AND THE
 RESIDENT COUNCIL IF SUCH CORPORATION MEETS THE REQUIREMENTS OF THIS PART
 FOR A RESIDENT COUNCIL.
   2. THE NEW YORK CITY HOUSING AUTHORITY SHALL PROVIDE  INFORMATION  AND
 TRAININGS  TO ALL RESIDENTS OF SUCH AUTHORITY'S PROPERTIES REGARDING THE
 FORMATION OF RESIDENT MANAGEMENT CORPORATIONS, THE REQUIREMENTS OF  SUCH
 CORPORATIONS, AND THE POTENTIAL BENEFITS OF CREATING SUCH CORPORATIONS.
   3. THE DIVISION OF HOUSING AND COMMUNITY RENEWAL SHALL PROVIDE THE NEW
 YORK  CITY  HOUSING AUTHORITY WITH TWO MILLION DOLLARS TO EFFECTUATE THE
 PROVISIONS OF THIS SECTION.
   § 2. This act shall take effect on the one hundred twentieth day after
 it shall have become a law. Effective immediately, the addition,  amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation  of  this act on its effective date are authorized to be made and
 completed on or before such effective date.