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.
S 8313 authorizes the transfer of a specific state-owned parcel at 39 Sullivan Road in North Salem and Lewisboro, Westchester County, to The Arc Westchester New York, a nonprofit supporting adults with disabilities, for $1 and additional considerations. The land must be used solely for a group home serving adults with disabilities, with a reverter clause requiring the property to return to the state if that purpose ends. The transfer requires The Arc to submit a formal resolution within one year of the bill's effective date, approved by its managing board, to secure the conveyance. The bill expires two years after enactment.
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.
Authorizes the town of Chester to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.
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.
This bill increases the maximum funding per dwelling unit for low-income housing projects from $125,000 to $250,000 under New York's Housing Trust Fund Corporation. It directly affects developers and housing organizations seeking to rehabilitate or construct affordable housing for low-income residents. Key provisions maintain restrictions on fund use - capping acquisition costs at 50% of total funding, limiting community facility spending to 10%, and prohibiting administrative costs or non-residential projects. The change allows greater flexibility for developers to modernize housing while preserving existing affordability safeguards. The bill was signed into law on October 16, 2025 (Chapter 462).
Provides for a partial exemption from taxation of certain residential real property transferred by a governmental entity, nonprofit housing organization, land bank or community land trust to low-income households; sets forth conditions for the discontinuance of such exemption.
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 expands the residential redevelopment inhibited property exemption to all cities, towns, and villages in the state, removing a current restriction that limited it to one specific city. It allows any municipality to adopt local laws designating properties as "redevelopment inhibited" if they are neglected, abandoned, or have conditions (like long vacancy or zoning violations) preventing private redevelopment. Property owners in designated areas can then receive an exemption from taxes on the increased value of their property after redevelopment, provided they own a one- to four-unit residence, maintain owner-occupancy, and file annual residency affidavits. The exemption covers only the incremental tax increase from redevelopment, not the base property value, and requires compliance with building and zoning codes.
This bill increases the required supervised experience period for new real estate brokers from two to five years. It directly affects individuals applying for a real estate broker's license, mandating they have actively worked as a licensed salesperson under a broker for five consecutive years (or equivalent experience). Key provisions include requiring cultural competency training, proof of English language proficiency, knowledge of fair housing laws, and completion of a 152-hour approved course. The bill also specifies that certain course components must be taught in person, not online.
