Require Developers to Cover Repair Costs for Decade
In committee as of Jul 29, 2026Under review by an assigned committee.
✦ Plain-Language Summary
This bill would make housing developers who receive city funding responsible for paying repair costs in their buildings for 10 years after construction. If something breaks or needs fixing during that time, the developer - not tenants or the city - would have to pay for it. This aims to ensure developers build quality housing that lasts, since they'll be on the hook for costly repairs if they cut corners.
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Details
- Introduced
- Apr 16, 2026
- Body
- Committee on Housing and Buildings
- Type
- Introduction
- Status
- Committee
Sponsors (1)
Official Description
A Local Law to amend the administrative code of the city of New York, in relation to requiring housing developers that receive public financing to assume financial responsibility for repairs required within 10 years of construction