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A 8125 New York Assembly · 2025 Regular Session

Prohibits real property that has converted from Mitchell-Lama to a housing development fund company from retaining certain tax benefits

Summary
Prohibits real property that has converted from a limited-profit housing company to a housing development fund company from being eligible for a shelter rent tax abatement.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates shelter rent tax abatement eligibility, restricting a tax benefit for converted housing properties.90% confidence ✗ HousingOpposes HousingBill removes shelter rent tax abatement for converted affordable housing, weakening financial support and likely increasing costs for tenants.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 1, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO HOUSING
lower
May 1, 2025
Committee
REFERRED TO HOUSING
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Linda Rosenthal
Linda Rosenthal
DDemocratic
NY
67