This bill allows the Nassau County tax assessor to accept a late application for real property tax exemption from an organization called Ray of Hope, Inc. The request specifically concerns a property located in Baldwin for the 2026-2027 tax year, which the organization missed the deadline to apply for previously. If the assessor determines the organization qualifies for the exemption, the bill authorizes correcting the tax records and potentially refunding any taxes already paid along with cancelling related penalties or liens. This legislation provides a specific administrative remedy for this single entity rather than changing general tax laws for the public.
This bill provides a full exemption from real property taxes, special district charges, and assessments for the primary residences of certain disabled veterans. To qualify, a veteran must have been discharged under honorable conditions, possess a qualifying disability or be a discharged LGBT veteran, and be rated as permanently and totally disabled by the U.S. Department of Veterans Affairs. The exemption also applies to land used for housing units modified to accommodate the veteran's disability needs, provided the veteran meets all other statutory requirements. This change directly affects eligible veterans by removing their home's tax liability while leaving other existing veteran exemptions intact.
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.
This bill authorizes the village of Upper Brookville in Nassau County to sell a specific 0.366-acre parcel of land currently designated as parkland. Under the legislation, the village can sell the property at fair market value to a private buyer for the purpose of building a residence, provided the land has never been used for public open space. To offset the loss of this area, the village must dedicate other land as new parkland of equal or greater value, or contribute the difference in value toward acquiring additional parkland or improving existing recreational facilities. The bill also includes conditions requiring the village to follow federal rules if the land was previously supported by federal funding.
This bill authorizes the Village of Upper Brookville in Nassau County to sell a specific 0.366-acre parcel of land currently designated as parkland. The legislation allows the village to sell the property at fair market value to a private buyer for the purpose of constructing a residence, provided the land has never been used for public open space. In exchange for this sale, the village must dedicate other land to replace the park area, ensuring the total value of the new parkland matches or exceeds the value of the land being sold. The bill also includes conditions requiring compliance with any federal funding rules and mandates that the village use any value difference from the exchange to acquire additional parkland or fund capital improvements.
Provides that no tax exemption shall be given for any unit that has not agreed in writing to maintain such unit as their primary residence for no less than five years from the acquisition of such unit.
Establishes a former foster youth priority program that reserves at least five percent of units in housing lotteries that are administered by the New York city department of housing preservation and development or the New York city housing development corporation for eligible former foster youth; authorizes the promulgation of rules, regulations and marketing handbooks and procedural guidelines; establishes reporting requirements.
Directs the division of housing and community renewal, in consultation with the office for the aging and the division of human rights to develop educational materials regarding property owner's legal responsibilities to provide accessible housing accommodations.
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.
Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.
