NY A10286

Establishes a cooperative and condominium ombudsperson program within the Division of Housing and Community Renewal to provide education, mediation, arbitration, and dispute resolution services for co-op shareholders, condo owners, and their boards

Imposes an annual residential unit fee of $6 per unit on cooperative housing corporations and homeowners associations to fund the program

Creates a dedicated fund in the state comptroller's custody for program revenue, with monies used exclusively for staffing and administering the ombudsperson program

Requires cooperatives and condominiums to register annually with the program, providing information including board members, management companies, number of units, and foreclosure data

Authorizes the ombudsperson to monitor elections, refer unresolved disputes to administrative hearings before the Division of Housing and Community Renewal, and refer complaints to law enforcement when appropriate