Housing (Mortgages)

in committee · New York · Assembly Jun 5, 2026

A 11586: Mandates a stay of foreclosure sales in all actions where a defendant has filed and perfected an appeal from a judgment of foreclosure and sale

Mandates a stay of foreclosure sales in all actions where a defendant has filed and perfected an appeal from a judgment of foreclosure and sale until the appeal is decided or dismissed, unless expressly waived by the defendant.

Topics ✓ HousingSupports HousingBill prevents foreclosure sales during appeals, protecting tenants' housing stability and rights.90% confidence

Sub-Topics Mortgages

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in committee · New York · Assembly Apr 24, 2026

A 11044: Requires a mortgagor to provide notice of imminent foreclosure

This bill requires landlords who are facing imminent foreclosure to inform their tenants or prospective tenants before renewing or signing a lease. The law defines imminent foreclosure as receiving a formal notice along with a court summons and complaint, and it mandates that landlords send a copy of these documents via certified mail at least two weeks before any lease agreement is finalized. If a landlord fails to provide this required notice, they must pay the tenant a five-hundred-dollar credit against the rent, in addition to any other legal remedies available. This measure directly affects landlords and tenants in New York State by ensuring transparency regarding potential foreclosure situations during the leasing process.

Topics ✓ HousingSupports HousingBill strengthens tenant protections by requiring landlords to disclose imminent foreclosure, preventing sudden displacement and ensuring tenants can seek new housing.90% confidence

Sub-Topics Landlords Mortgages Tenant Rights

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in committee · New York · Assembly May 20, 2026

A 11470: Relates to authorizing the city of Albany to add unpaid housing code violation penalties, costs and fines to such city's annual tax levy

This bill allows the city of Albany to add unpaid fines for housing, building, and fire code violations to a property owner's annual tax bill. To qualify for this measure, the fines must be at least five percent of the property's tax value, remain unpaid for one year, and apply only to non-owner-occupied residential properties. The legislation also requires the city to notify owners of these additions and to create a support program for tenants facing potential foreclosure due to unpaid violations. Property owners can avoid foreclosure by paying the owed amount before the tax auction deadline or by entering into a payment plan with the city. If a property is sold at auction, any remaining balance after covering the fines and costs can still be pursued against the former owner.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes adding unpaid fines to tax levies, increasing revenue for the city to fund code enforcement and essential services.85% confidence ✗ HousingOpposes HousingBill allows adding unpaid housing fines to tax levies, increasing financial burden on property owners and potentially reducing affordable housing access.85% confidence

Sub-Topics Homeownership Landlords Mortgages

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passed · New York · Senate Jun 4, 2026

S 10446: Relates to the powers of the New York state housing finance agency

This bill makes certain temporary powers of the New York State Housing Finance Agency permanent, allowing it to continue financing multi-family housing projects without an expiration date. Specifically, it removes a 2027 deadline that previously limited the agency's ability to issue tax-exempt bonds and set income limits for mortgage recipients. The legislation also ensures that the agency can maintain its current borrowing limits and program guidelines indefinitely, rather than reverting to older laws after the temporary period ends. Directly affecting the agency and the housing projects it funds, the bill provides long-term stability for its operations while leaving the specific financial caps and eligibility rules unchanged.

Topics ✓ HousingSupports HousingBill makes temporary housing financing powers permanent, ensuring continued funding and development of multi-family housing projects.95% confidence

Sub-Topics Housing Finance Mortgages

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in committee · New York · Senate May 12, 2026

S 10314: Enacts the "Housing mobility mortgage study act"

Enacts the "Housing mobility mortgage study act" to direct the commissioner of housing and community renewal, in consultation with the state of New York mortgage agency (SONYMA) to study the potential impacts of establishing a state-backed housing mobility mortgage program within the state of New York.

Topics ✓ HousingSupports HousingBill establishes a study for a state-backed housing mobility mortgage program, indicating intent to explore funding mechanisms that could advance affordable housing options.75% confidence

Sub-Topics Mortgages Tenant Rights

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in committee · New York · Assembly May 15, 2026

A 11422: Establishes the senior homeowner foreclosure and rehabilitation revolving loan program

Establishes the senior homeowner foreclosure and rehabilitation revolving loan program to permit the New York state mortgage agency to make low-interest loans, deferred payment loans, or forgivable loans, or a combination thereof, to eligible senior homeowners for eligible assistance; directs SONYMA to prioritize senior homeowners at imminent risk of foreclosure; properties with essential systems in need of immediate repair or replacement, including heating and boilers; and senior homeowners with documented financial hardship that limits their ability to maintain the property or make mortgage payments.

Topics ✓ HousingSupports HousingBill creates a loan program to prevent senior foreclosures and fund home repairs, directly supporting housing stability and affordability.95% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Senate Apr 2, 2026

S 9718: Relates to the provision of legal representation to certain persons in eviction, ejectment and foreclosure proceedings

Requires counties and/or cities to establish a plan for providing legal counsel to persons who are defendants or respondents in eviction, ejectment and foreclosure proceedings and who are financially unable to obtain counsel; defines eligible person as one whose gross individual income is not in excess of one hundred twenty-five percent of the federal income official poverty line; requires the state to match dollar for dollar the amount counties appropriate for their plans.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates state matching funds for county legal aid plans, directly increasing public spending to support essential services for low-income residents.85% confidence ✓ HousingSupports HousingBill mandates legal representation for low-income tenants facing eviction, directly protecting tenant rights and preventing homelessness.95% confidence

Sub-Topics Mortgages Tenant Rights

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in committee · New York · Senate Apr 2, 2026

S 9734: Relates to the payment of shelter and rent arrears

Relates to the payment of shelter and rent arrears; provides that all shelter arrears payments authorized for applicants to receive an emergency grant to pay for rent, property taxes or mortgage arrears shall be limited to once every year unless the district determines at its discretion that additional shelter arrears payments are necessary based on the individual circumstances.

Topics ✗ HousingOpposes HousingBill limits emergency rent arrears payments to once per year, restricting access to housing assistance and weakening tenant protections.85% confidence

Sub-Topics Mortgages Renters

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in committee · New York · Assembly Mar 20, 2026

A 10677: Relates to requiring plaintiffs to furnish proof that notice of possible foreclosure was delivered to the defendant

This bill requires lenders and mortgage servicers to provide official proof that foreclosure notices were successfully delivered to borrowers. Under the new rules, plaintiffs must show delivery confirmation through registered or certified mail records or postal refusal notations, or face an affirmative defense in court if they cannot prove delivery. The legislation also mandates that foreclosure notices include a list of at least five local housing counseling agencies with contact information. These changes directly affect mortgage lenders, loan servicers, and borrowers involved in foreclosure proceedings.

Topics ✓ HousingSupports HousingBill strengthens tenant protections by requiring proof of foreclosure notice delivery and providing housing counseling resources, reducing wrongful foreclosures.85% confidence

Sub-Topics Mortgages

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in committee · New York · Assembly Mar 27, 2026

A 10728: Directs the superintendent of financial services to conduct a study examining the feasibility of 40- and 50-year mortgages in the state of New York

Directs the superintendent of financial services to conduct a study examining the feasibility of 40- and 50-year mortgages in the state of New York; requires such superintendent to submit a report of findings.

Topics ✓ HousingSupports HousingBill examines feasibility of longer-term mortgages which could increase housing affordability and access for homebuyers75% confidence

Sub-Topics Mortgages

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