Enacts the "Livable New York act" to fight back against climate change, provide additional affordable housing and provide employment opportunities for formerly incarcerated individuals; makes a three billion dollar appropriation therefor.
Establishes the New York state first home grant program; directs the commissioner of homes and community renewal, in consultation with the state comptroller, to implement such program; provides assistance on behalf of a first time home buyer qualified for such program; and for costs in connection with the acquisition, involving an eligible mortgage loan, of an eligible home, including downpayment costs, closing costs, and costs to reduce the rates of interest on eligible mortgage loans; subsidies to make shared equity homes affordable to home buyers by discounting the price for which the home will be sold and to preserve the affordability of the home for subsequent home buyers; and pre-occupancy home modifications required to accommodate qualified home buyers or members of their household with disabilities; excludes the amount of any grant to any first time home buyer awarded or any federal first time home buyer grant program from taxable income for the purpose of calculating New York adjusted gross income.
Adjusts the taxable income of individuals who were forced to withdraw funds from certain retirement accounts due to damage of primary residences following Superstorm Sandy to ensure such individuals were not penalized for withdrawing such funds.
This bill establishes a community housing fund in Rochester to provide affordable housing opportunities for residents. It offers financial assistance (up to 50% of a home's purchase price) to first-time homebuyers who live in or work for the town and have household incomes at or below 100% of Ulster County's state-set low-income threshold. The fund can also be used to build, rehabilitate, or rent affordable housing units for eligible residents, financed through local taxes, grants, and other town revenues. An advisory board of community representatives will oversee the fund's operations and ensure compliance with affordability guidelines.
S 861 establishes a New York state program allowing residents to pay off college debt for family members tax-free. It creates tax-deferred accounts where contributions grow without state or federal income tax, and withdrawals for qualified education expenses (like tuition, books, or 2009-2010 computer purchases) are also tax-free. The program requires cash contributions, separate accounting per beneficiary, and limits investment changes to twice yearly. It directly affects New York residents who want to help family members (spouses, children, or cousins) with higher education costs through this state-run debt repayment mechanism.
Establishes the end predatory home flipping act; imposes a tax on the transfer of certain residential properties which are sold within two years of the prior conveyance of such property; exempts certain purchases of residential properties from mortgage recording taxes; imposes a tax on the transfer of certain properties in the city of New York which are sold for one million dollars or more.
Establishes a tax credit for rent paid on the personal residence of certain taxpayers who lease the taxpayer's primary residence during the taxable year and who pay rent with respect to such residence in excess of thirty percent of such taxpayer's gross income for such taxable year.
Enacts the "omnibus learning for work act"; establishes the youth apprenticeship program (Part A); establishes the enhanced regents professional diploma (Part B); establishes a youth apprenticeship tax credit (Part C); establishes the community college merit and mobility scholarship (Part D); renames certain schools established by a board of cooperative educational services as career prep centers (Part E); relates to the salary of certain teachers and staff providing instruction in career and technical education (Part F); implements the learning for work program (Part G).
This bill establishes a 7.8% cost-of-living adjustment (COLA) for specific human services programs effective April 1, 2025, through March 31, 2026. It directly affects providers of mental health, developmental disability, and addiction services (including clinics, residential programs, and outpatient care) by requiring them to use the COLA funds to provide at least a 2.6% targeted salary increase for eligible staff. The COLA applies to programs funded or certified by the Office of Mental Health, Office for People with Developmental Disabilities, and Office of Addiction Services and Supports. This adjustment is inclusive of other inflation factors for the specified period, excluding federal pandemic relief programs.
This bill establishes certified recovery residences - supportive housing for 4-14 people recovering from substance use disorder - with state aid covering up to 50% of construction or operating costs. It requires providers to seek municipal approval for facility locations, giving local governments 40 days to review sites, suggest alternatives, or object based on neighborhood impact. If disputes arise, the state commissioner resolves them within 15 days, considering existing facility density and community character. The bill directly affects individuals in recovery, providers operating these residences, and local governments managing site approvals.
