it is such a good idea, i am calling my rep. now:

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Coop Disclosure Law Intro 119
Submitted by Bernadette E. on Mon, 02/27/2006 - 12:00pm.
We recently collected your feedback on the Fair and Prompt Coop Disclosure Act, resolution 119 in the City Council. The resolution, reintroduced by Council Member Monserrate, would require coops to put their cards on the table when they turn someone down. The bill that has had almost unanimous support in the Council's Black, Latino, and Asian Caucus. DFNYC members were overwhelmingly in favor of supporting Intro 119.

There are more than 300,000 coop units in the city, slightly more than half outside of Manhattan. An article from yesterday's Real Estate Section illustrates the fact that the problem of non-disclosure effects all socioeconomic segments of the coop market (I've attached a PDF of the article along with the bill's fact sheet).

While not every instance of non-disclosure represents an instance of unlawful discrimination, the fact that coops have not had to explain their reasons has made fighting discrimination in coop transfers much more difficult than it ought to be. The bill only requires that reason be set forth in writing (a) timely and (b) with specificity. If the coop has done that, the coop has complied.

Right now, consumers have more rights to fight out why they have been turned down for a department store credit card, than they do for a home that they, the seller, the brokers, and a bank all thought they were qualified for.

TAKE ACTION: The Anti-Distrimination Center of Metro New York has asked that we call our Council Members and ask them to co-sponsor this bill. Find you council member at our Contact Your Representative page.

Include your name, address, and phone number whenever you contact your representative and tell them you are a member of Democracy for NYC.

If your council member has already co-sponsored the resolution, it’s nice to thank them. View a list of current co-sponsors.

Read the legislation.

Attachment Size
Intro199FactSheet.pdf 107.12 KB