Requires the modification of restrictive covenants prior to the sale of real property when covenants, conditions and restrictions exist which discriminate on the basis of race, color, religion, sex, sexual orientation, familial status, marital status, disability, national origin, source of income or ancestry.
Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
This bill would prevent mortgage lenders from penalizing borrowers who don't set high enough rental rates on properties covered by their mortgages. It voids any mortgage clause requiring minimum rents or punishing low rents, applying to all mortgages regardless of when they were created, renewed, or modified. The law directly affects property owners with mortgages who might face fees or default penalties for not meeting arbitrary rent minimums. This policy change ensures lenders cannot enforce such clauses as against public policy.
This New York bill bans real estate appraisers from discriminating based on race, gender identity, disability, or other protected traits (like immigration status or marital status) when determining property values. It applies to all appraisers - including unlicensed individuals who market themselves as such - and prohibits using these factors in appraisals, estimates, or written communications. Violations can result in license suspension, fines (with 50% of fines directed to a fair housing fund), and disciplinary actions. The fund supports fair housing programs like testing for discrimination, education, complaint investigations, and outreach to prevent housing bias.
Prohibits a person or entity from knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of or between and among such residential rental property owners or managers.
This bill (S 8311, now Chapter 438) requires the New York City Housing Authority (NYCHA) to maintain and clearly define policies allowing family members or eligible individuals to take over a public housing lease when the current tenant permanently moves out or dies. Key provisions mandate NYCHA to establish written rules covering eligibility, relocation needs, payment during the transition, and the right to appeal denied succession requests, all while complying with federal, state, and local laws. The law also requires NYCHA to provide 30 days' written notice and accept public comments before changing these policies. This policy change directly affects current NYCHA tenants facing loss of a household member and ensures consistent, transparent succession processes. The bill was signed into law on October 16, 2025.
This bill extends the deadline for New York's COVID-19 emergency rental assistance program from September 30, 2024, to September 30, 2025. It directly affects renters experiencing housing instability during the pandemic and local governments administering the program. The key provision amends the existing law to delay the expiration of program funding and operational provisions by one year, ensuring continued access to rental aid.
This bill increases the New York City Housing Development Corporation's borrowing limit from $19 billion to $20 billion for issuing bonds. It directly affects the corporation's ability to fund affordable housing projects across New York City by expanding its financial capacity. The key change is a simple $1 billion increase to the bonding authority, with no other substantive policy shifts.
This bill extends temporary provisions allowing the New York State Housing Finance Agency to issue bonds and provide financing for multi-family housing and mortgage programs until July 23, 2027. It maintains existing bond limits ($10.92 billion total, with $2.4 billion for mortgage programs) and sets income eligibility limits for borrowers at 125%-150% of federal standards. The agency can continue administering current housing programs, including neighborhood revitalization, under these extended terms. The changes directly affect the agency, housing developers, and low-to-moderate income residents seeking financed housing.
S 7798 makes technical adjustments to New York State's 2025-26 aid to localities budget, specifically reallocating $90 million from the General Fund to the "Underserved Communities and Civic Engagement Program." The bill directs funding to seven specific nonprofit organizations, including the Asian American Foundation, New York Urban League, and Catholic Charities Community Services, for services like housing assistance, workforce training, and healthcare in underserved areas. This is a procedural budget modification with no new policy changes, simply adjusting existing allocations. The bill became law on May 23, 2025, and applies immediately to the 2025-26 fiscal year.