NY A08313

Requires the New York City Housing Authority (NYCHA) to provide information and trainings to all residents about forming resident management corporations, their requirements, and potential benefits

Defines "resident management corporation" as a corporation made up of housing authority residents that meets federal requirements under 24 NYCRR 964.120

Mandates the Division of Housing and Community Renewal to provide $2 million to NYCHA to implement the training and information program

Takes effect 120 days after becoming law, with immediate authorization for agencies to develop necessary rules and regulations before the effective date