Speaker Adams Outlines Deed Theft and Community Hiring Legislation

Next, we will vote on a pair of bills to combat deed theft and its predatory practices that stem from my 2024 state of the city.

Introduction 889A, sponsored by Councilmember Crystal Hudson, would require that the system maintained by the Department of Finance provide notification to interested parties of the recording of certain real estate instruments, also notify the local council member when it affects a property that has been held by the same party for 30 years.

Introduction 1086A, sponsored by Councilmember Nantasha Williams, would require the DOF to notify interested parties by email, text message, and postal mail when a deed or mortgage-related document has been recorded for the property in 30 days or less.

Next, introduction 860A, sponsored by Councilmember Alexa Aviles, would require local development corporations to report annually on community hiring programs established to promote employment opportunities for residents living in low-income communities during the prior fiscal year.

The report shall be posted on the New York City Economic Development Corporation's website.

And introduction 861A, also sponsored by Councilmember Aviles, would alter the terms of the contract between the city and EDC to require it to include details regarding agreements between developers and a nonprofit organization or person to provide community benefits as part of a development project.

Thank you to our staff members, Rachel Cordero and William Hongak.