Written by Jennifer V. Hughes on July 11, 2013
New York City and State legislators have introduced bills that would institute timelines for when co-op boards have to reach an admissions decision, with one bill that would mandate boards either give a reason why they rejected a potential buyer or swear that the reasons for rejection were not based on discrimination.
Are these reasonable? For a real-world example, we can look to Suffolk County, Long Island, which in 2009 enacted a co-op admissions law with both time clocks and required reasons for rejection.