A 1791 New York Assembly · 2025 Regular Session

Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

Summary
Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025 Last action Jan 7, 2026