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§ 22-03 — Selection of Permanent Owners

New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) · 28 RCNY § 22-03

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§ 22-03 Selection of Permanent Owners.

HPD may select a Permanent Owner for a Building by any appropriate method, including, but not a limited to sealed bid sale or auction, a request for qualifications process, a request for proposals process, a request for offers or, in the discretion of HPD, by a direct designation of an entity judged by HPD to be a suitable Permanent Owner. HPD, in selecting a Permanent Owner, may consider any relevant factors, including, but not limited to, the prospective Permanent Owner's prior record in other City housing programs as a property owner or manager or the Permanent Owner's status as an organization formed by the Tenants in the Building.