Housing

in committee · New York · Senate Apr 30, 2025

S 7320: Prohibits discriminatory practices by real estate appraisers and furthers fair housing compliance

Bill S 7320 prohibits discriminatory practices by real estate appraisers based on protected characteristics like race, gender identity, or familial status. It defines "real estate appraisal" broadly to include all residential appraisals and supporting documents, applying to both licensed and unlicensed individuals. The bill makes it an unlawful practice to base an appraisal on these characteristics of current or prospective property owners or those in the vicinity. It allows for sanctions, license suspension, revocation, or fines up to $2,000 for violations, with half of these fines allocated to a fund supporting fair housing compliance programs and addressing appraisal discrimination.

Topics ✓ HousingSupports HousingProhibits appraisal discrimination based on protected characteristics, directly preventing housing discrimination per indicators.95% confidence | Rep's Stance Voted absent

Track

in committee · New York · Senate Apr 30, 2025

S 7526: Enacts the private activity bond allocation act of 2025

Bill S 7526, known as the "private activity bond allocation act of 2025," establishes a new formula for distributing the state's annual volume ceiling for certain tax-exempt private activity bonds. This bill directly affects state and local government agencies, as well as other entities that issue these bonds for projects such as housing, economic development, and job creation. The bill divides the statewide bond volume ceiling into three equal portions. One-third is set aside for local agencies based on population, another third for state agencies, and the final third forms a statewide bond reserve for additional allocations to either state or local entities. This system aims to create an orderly and efficient process for allocating these bonds, which require an allocation to qualify for federal tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes new bond allocation formula for tax-exempt private activity bonds, directly managing fiscal resources for housing/economic development projects.90% confidence ✓ HousingSupports HousingBill allocates tax-exempt bonds for housing projects, directly funding housing development as an eligible use under the bond program.95% confidence | Rep's Stance Voted absent

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in committee · New York · Senate Apr 29, 2025

S 7285: Relates to the applicability of the residential redevelopment inhibited property exemption

Bill S 7285 expands the existing residential redevelopment inhibited property exemption. It allows all cities, towns, and villages in the state to offer a property tax exemption for redeveloped neglected or abandoned residential properties. The bill broadens eligibility to include one-to-four unit residences, not just one-family homes, and permits occupancy by either an owner or a tenant as their primary residence. This exemption reduces the increase in property taxes linked to the added value from demolition, alteration, rehabilitation, or remediation of these properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for redeveloped residential properties, reducing tax burden on owners/tenants. Aligns with tax relief for lower/middle income through expanded eligibility.95% confidence ✓ HousingSupports HousingExpands property tax exemption for redeveloping neglected residential properties, including multi-unit housing and tenant occupancy. Reduces tax burden to encourage development and increase affordable housing.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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in committee · New York · Senate Apr 29, 2025

S 1718: 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

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for low-income housing transfers, reducing tax burden on vulnerable populations per bill's explicit language.95% confidence ✓ HousingSupports HousingProvides tax exemption for low-income housing transfers, reducing costs and increasing affordability for target households.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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passed · New York · Senate Mar 25, 2025

S 3198: Requires the division of housing and community renewal to calculate the period of rent reduction due to diminution of services from the date of actual diminution of the services

Requires the division of housing and community renewal to calculate the period of rent reduction due to diminution of services from the date of actual diminution of the services.

Topics ✓ HousingSupports HousingRequires rent reduction calculations to align with actual service diminution, strengthening tenant protections against unjust rent charges during service disruptions.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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in committee · New York · Senate Mar 11, 2025

S 3199: Relates to requiring property owners to dedicate certain residential units to rent regulated status following demolition and new construction or substantial renovation

Requires property owners to dedicate certain residential units to rent regulated status following demolition and new construction or substantial renovation.

Topics ✓ HousingSupports HousingRequires rent-regulated units in new construction, increasing affordable housing supply and protecting tenants from market-rate rent hikes.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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signed · New York · Senate Feb 14, 2025

S 803: Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption

This bill allows any town in New York with a 2020 census population between 69,000 and 69,500 to create a homestead exemption for real property taxes. It enables qualifying towns to offer an exemption similar to the existing STAR school tax relief program, capping the exemption at $50,000 in property value. Property owners must apply annually using a standard form, and the exemption applies only to eligible homes meeting the same criteria as STAR. This directly affects homeowners in qualifying towns by potentially reducing their local property tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables homestead tax exemption capping at $50k, providing property tax relief for homeowners similar to STAR program, directly advancing tax relief for residents.95% confidence ✓ EducationSupports EducationBill authorizes homestead exemption modeled after STAR school tax relief program, directly reducing school tax burdens on homeowners to support local school funding systems.95% confidence ✓ HousingSupports HousingProvides property tax relief for homeowners, reducing housing costs and supporting affordability through a homestead exemption similar to STAR program.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

signed · New York · Assembly Jan 27, 2025

A 420: Increases the New York state housing finance agency bonding authority

This bill increases the New York State Housing Finance Agency's borrowing limit to $36.28 billion for housing-related bonds. It directly affects the agency and future housing finance programs, allowing it to issue more bonds to fund affordable housing developments, renovations, and related projects. The key provision raises the existing cap from $31 billion to $36.28 billion, expanding the agency's capacity to finance housing without changing the types of projects it supports. This is a straightforward funding authorization, not a new program or policy change.

Topics ✓ HousingSupports HousingBill increases bonding authority to $36.28B for affordable housing developments, renovations, and related projects, directly expanding funding capacity for housing finance programs.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing