What NYC Co-op & Condo Boards Need to Know About the Fair Chance Housing Act

As of January 1, 2025, the NYC Fair Chance Housing Act is officially in effect, requiring co-op and condo boards to update their purchase application processes to comply with new restrictions on criminal background checks. This law limits when and how boards can consider criminal records and introduces strict procedures that must be followed when evaluating applicants.

At Total Management NYC, we help co-op and condo boards navigate NYC’s evolving housing laws while ensuring compliance and protecting their buildings. Below is a breakdown of what boards need to know and the steps they must take to comply with the law.

Key Requirements Under the Fair Chance Housing Act

What Co-op & Condo Boards Cannot Do:

  • Ask about criminal records in the initial purchase application.

  • Conduct a background check before conditionally approving a purchaser.

  • Deny an applicant based on non-reviewable criminal history (see below).

  • Include any reference to a criminal background check in the credit check or application.

What Boards Must Do Instead:

  1. Review and conditionally approve the application based on financials, references, and other standard criteria.

  2. Only after conditional approval may the board conduct a criminal background check.

  3. Provide the NYC Fair Chance Housing Notice with the application.

  4. Follow a strict process if revoking a conditional approval based on a background check.

For further details, visit NYC Fair Chance Housing Act.

What Criminal History Can Be Considered?

Under the law, only certain convictions—called "Reviewable Criminal History"—may be considered when deciding whether to reject an applicant.

Reviewable Criminal History (May Be Considered for Rejection):

  • Sex offense convictions requiring registration (no time limit).

  • Felony convictions within the last 5 years, measured from the date of release from incarceration or sentencing (if no incarceration occurred).

  • Misdemeanor convictions within the last 3 years, measured from the date of release from incarceration or sentencing (if no incarceration occurred).

Non-Reviewable Criminal History (Cannot Be Considered):

Boards cannot reject an applicant based on:

  • Arrests, pending cases, or accusations without a conviction.

  • Dismissed or non-prosecuted cases.

  • Sealed, expunged, or pardoned convictions.

  • Youthful offender adjudications or juvenile records.

  • Convictions related to:

    • Reproductive or gender-affirming care (if lawful in NY).

    • Cannabis possession (if not a felony in NY).

  • Minor offenses such as disorderly conduct.

For more details, visit NYC Human Rights.

Step-by-Step Compliance Guide for Co-op & Condo Boards

1. Update Application & Screening Policies

  • Remove all references to criminal background checks from applications and credit checks.

  • Include the NYC Fair Chance Housing Notice in all purchase applications.

2. Conditional Approval Process

Boards must first:

  • Review all financial, personal, and reference checks.

  • Interview and conditionally approve the purchaser before conducting a background check.

3. If a Reviewable Criminal History is Found…

Boards may only revoke conditional approval if:

  1. There is a legitimate business interest, and

  2. There is a specific, objective link between that interest and the conviction.

Invalid reasons for rejection include:

  • Stating that the building is a “family-oriented” property.

  • Rejecting an applicant due to concerns about "tenant safety" based on assumption rather than facts.

  • Denying an applicant based on pressure from existing shareholders.

A valid reason for rejection might include:

  • A direct conflict with a specific lease requirement, such as a history of financial fraud in a building with strict financial disclosure obligations.

4. Give Applicants a Chance to Respond

If the board intends to revoke an approval, it must provide the applicant with:

  • A copy of the criminal history report.

  • At least five business days to correct errors or provide additional information, such as:

    • Proof of rehabilitation.

    • Personal or professional references.

    • Certifications or employment history.

5. Issue a Final Written Decision

If the board still decides to reject an applicant, they must provide a written explanation that includes:

  • The legitimate business reason for the rejection.

  • How the applicant’s personal information was considered.

Why Co-op & Condo Boards Must Take This Seriously

The NYC Commission on Human Rights (CCHR) is actively enforcing the Fair Chance Housing Act. Boards that violate the law could face:

  • Lawsuits from rejected applicants.

  • Significant fines.

  • Reputational damage to the building and board members.

How Total Management NYC Can Help

With over 30 years of experience in NYC property management, we help co-op and condo boards:

  • Update admissions policies to comply with the new law.

  • Train board members and managing agents on the Fair Chance Housing Act.

  • Oversee compliant and legal applicant screenings.

  • Avoid costly legal battles.

Final Takeaway

The NYC Fair Chance Housing Act is now in effect, and co-op and condo boards must take action to ensure compliance. Boards should:

  • Update the purchase application process.

  • Train board members on the new law.

  • Ensure all decisions comply with Fair Chance Housing rules.

To protect your building and avoid legal risks, consult with an attorney for legal guidance. Additionally, schedule a consultation with Total Management NYC at Schedule a Consultation for expert property management assistance.

Corporate Transparency Act (CTA): Compliance Guide for NYC Co-op & Condo Boards

The Corporate Transparency Act (CTA) is now in effect, requiring many corporations and LLCs—including cooperative and condominium associations—to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).

With a compliance deadline of March 21, 2025, NYC co-op and condo boards must take proactive steps to determine their obligations, collect the necessary information, and ensure timely reporting to avoid potential penalties.

How the CTA Affects NYC Co-op & Condo Boards

Most cooperative housing corporations (co-ops) and condominium associations (condos) structured as corporations or LLCs will be required to comply with the CTA’s reporting requirements. The law is aimed at increasing corporate transparency to prevent financial crimes, but it also introduces new compliance responsibilities for residential buildings.

Who Is Required to File?

  • Cooperative Housing Corporations (Co-ops): Most co-ops are structured as corporations and must file a Beneficial Ownership Information (BOI) Report.

  • Condominium Associations (Condos): Condos registered as LLCs or corporations must also file, unless they qualify for an exemption.

  • Exemptions: Certain entities, including large operating companies meeting specific revenue and employee thresholds, may be exempt. However, most co-op and condo boards in NYC will likely be subject to the CTA.

Required Information for Reporting

Each affected entity must submit a BOI Report that includes:
Entity Details: Legal name, current business address, and Federal Employer Identification Number (EIN).
Beneficial Owners: Full legal name, date of birth, residential address, and a valid government-issued ID number.

Who Qualifies as a "Beneficial Owner"?
For co-ops and condos, a beneficial owner generally includes:

  • Board members who exercise substantial control over the corporation’s affairs.

  • Shareholders of a co-op who hold significant ownership stakes.

  • Individuals who influence financial or operational decisions of the corporation or association.

Key Compliance Deadlines

  • March 21, 2025: Filing deadline for entities formed before January 1, 2024.

  • Entities formed in 2024: Must file within 90 days of their registration date.

  • Entities formed in 2025 and beyond: Must file within 30 days of registration.

Pending Legislation: The U.S. Senate is considering an extension of the deadline to January 1, 2026, for older entities, but this has not yet been enacted.

Action Plan for NYC Co-op & Condo Boards

1. Confirm Whether Your Entity Must File

Most co-op and condo corporations in NYC will be required to file unless they qualify for an exemption.

2. Identify Beneficial Owners

Compile a list of board members and shareholders who meet the "substantial control" or ownership criteria.

3. Gather Required Documentation

Ensure you have valid identification and entity details needed for submission.

4. Submit the BOI Report

  • Reports must be filed electronically through FinCEN’s portal (https://fincen.gov/boi).

  • There is no filing fee, but failure to comply may result in significant penalties.

Consequences of Non-Compliance

Failure to submit the required information may result in:
- Civil penalties of up to $500 per day for late filings.
- Criminal penalties, including potential fines and imprisonment for willful violations.

It is imperative that NYC co-op and condo boards take immediate steps to ensure compliance and avoid unnecessary legal and financial risks.

Next Steps & How Total Management NYC Can Assist

Navigating the Corporate Transparency Act can be complex, particularly for co-op and condo boards managing residential buildings in NYC. Our team at Total Management NYC is available to provide guidance and support in ensuring compliance with the new requirements.

Stay informed, remain compliant, and ensure your co-op or condo association is prepared for the CTA’s reporting requirements. Total Management NYC is here to assist every step of the way.

Local Law 157

Local Law 157 of 2016 mandates the installation of natural gas detectors in all residential buildings in New York City. This legislation was enacted following a series of deadly gas explosions in the city, highlighting the critical need for early detection of gas leaks to enhance resident safety.

nyc.gov

Key Requirements of Local Law 157:

  • Scope of Application: The law applies to all residential properties, including private dwellings, Class A multiple dwellings (such as condos, co-ops, and multifamily rental buildings), and Class B multiple dwellings (such as hotels, lodging houses, and dormitories). Buildings without gas lines or gas service are exempt from this requirement.

    fsresidential.com

  • Installation Deadline: Property owners are required to install compliant natural gas detectors by May 1, 2025.

    nyc.gov

  • Detector Specifications: Detectors must comply with the National Fire Protection Association (NFPA) standard 715, established in April 2022. They should be installed on either the ceiling or a wall, with wall installations positioned no more than 12 inches from the ceiling. The detectors must be located at least 3 feet but not more than 10 feet from any fuel-gas-burning appliance. Acceptable detectors include hardwired, plug-in, or battery-powered models, provided they meet the required standards.

    rules.cityofnewyork.us

  • Installation Responsibility: Hardwired detectors must be installed by a New York City licensed electrical contractor who has obtained all required permits. In contrast, battery-powered and plug-in detectors can be installed by the building owner, maintenance personnel, or the occupant.

    fsresidential.com

  • Maintenance and Replacement: While property owners are responsible for the initial installation, occupants are responsible for the maintenance and repair of battery-operated devices within their dwelling units. Owners must replace detectors upon expiration of their useful life or if they are stolen, removed, found missing, or rendered inoperable.

    nyc.gov

Compliance with Local Law 157 is crucial for ensuring the safety of residents and avoiding potential fines. Property owners should assess their buildings promptly, select appropriate detectors, and schedule installations well before the May 1, 2025, deadline.