Housing (Housing Finance)

in committee · New York · Assembly Jan 7, 2026

A 1789: Authorizes the purchase of construction mortgages by the state of New York mortgage agency

Authorizes the state of New York mortgage agency to purchase construction mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages or available for such loans at carrying charges within the financial means of persons and families of low and moderate income.

Topics ✓ HousingSupports HousingAuthorizes state purchase of construction mortgages during credit shortages for low/moderate-income housing, directly increasing affordable housing access and development funding.95% confidence

Sub-Topics Housing Finance Mortgages

Track

signed · New York · Assembly Oct 16, 2025

A 8589: Increases the amount of funds that may be used per dwelling unit to modernize certain authorities used by the housing trust fund corporation

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).

Topics ✓ HousingSupports HousingIncreases funding per dwelling unit for low-income housing from $125k to $250k, directly advancing affordable housing development under Housing Trust Fund Corporation.95% confidence

Sub-Topics Affordable Housing Housing Finance

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

Sub-Topics Debt & Bonds State Budget Tax Incentives Housing Finance Property Development

Track

in committee · New York · Senate Jan 7, 2026

S 1352: Authorizes the creation of state debt in creating the save public housing bond act of 2025 and provides for submission to the people of such proposal

Authorizes the creation of state debt in the amount of 20 billion dollars in relation to enacting the save public housing bond act of 2025; provides for submission to the people of such proposal.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes $20B state debt to fund public housing (a public service), aligning with fiscal support for essential programs per topic indicators.90% confidence ✓ HousingSupports HousingAuthorizes $20B state debt for public housing bond act, directly funding preservation and development of affordable housing units per bill title and summary.95% confidence

Sub-Topics Debt & Bonds Housing Finance

Track

signed · New York · Assembly Jun 26, 2025

A 8571: Relates to the powers of the New York state housing finance agency

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.

Topics ✓ HousingSupports HousingExtends bond financing for multi-family housing and maintains income eligibility limits (125%-150% of federal standards), directly funding affordable housing programs without restrictions.90% confidence

Sub-Topics Community Development Housing Finance Mortgages

in committee · New York · Senate Feb 25, 2026

S 5501: Relates to creating a new acquisition fund for community land trusts located in New York state

Relates to creating a new acquisition fund for community land trusts located in New York state; provides that moneys of the fund shall be expended solely to carry out the affordable home ownership development program exclusively for community land trusts; defines community land trusts.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new state fund for affordable housing program, explicitly allocating state moneys for community land trusts' development activities.95% confidence ✓ HousingSupports HousingCreates dedicated fund for community land trust affordable housing development, directly advancing affordable home ownership through funding.95% confidence

Sub-Topics Housing Finance Property Development

Track

passed · New York · Senate Apr 22, 2026

S 3835: Establishes the manufactured home community preservation act

Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirectly allocates mortgage insurance fund resources to fund housing preservation programs, aligning with funding essential services under fiscal management.95% confidence ✓ HousingSupports HousingProvides financial assistance for manufactured home community preservation, directly funding housing preservation efforts to protect affordable housing options.90% confidence

Sub-Topics Historic Preservation Housing Finance Mortgages

Track

in committee · New York · Senate Jan 8, 2025

S 572: Authorizes cities and towns, except New York city, to establish community housing funds

Authorizes cities and towns, except a city with a population of one million or more, to establish community housing funds; authorizes such cities and towns to impose a real estate transfer tax with revenues to be deposited in such funds; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes real estate transfer tax to fund community housing programs, directly advancing public service funding through new tax revenue.95% confidence ✓ HousingSupports HousingAuthorizes real estate transfer tax to fund community housing programs, directly advancing affordable housing initiatives through dedicated revenue streams.95% confidence

Sub-Topics Historic Preservation Housing Finance

Track

in committee · New York · Assembly Jan 7, 2026

A 6889: Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit

Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations to provide a taxpayer or entity having applied for the low-income housing tax credit and certified by the division of housing and community renewal with a notice of placement on a waiting list upon the submission of a completed application.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables low-income housing tax credit application process, providing tax relief for lower-income housing initiatives per fiscal policy indicators.95% confidence ✓ HousingSupports HousingBill establishes administrative process for low-income housing tax credit (LIHTC) program, which funds affordable housing development. Facilitates applicant tracking to advance program implementation, supporting affordable housing access.90% confidence

Sub-Topics Tax Credits Affordable Housing Historic Preservation Housing Finance

Track

in committee · New York · Senate Jun 9, 2025

S 8177: Relates to the powers of the New York state housing finance agency

This bill extends the New York State Housing Finance Agency's existing authority to issue bonds and finance housing programs until July 23, 2027. It specifically maintains current limits on bond issuance (including $7.92 billion for general housing finance and $2.4 billion for mortgage programs) and preserves the agency's ability to fund multi-family housing and neighborhood revitalization initiatives. The extension applies to provisions governing bond limits, mortgage program income eligibility rules, and infrastructure trust fund operations. This directly affects the agency's ability to continue current housing finance activities without new legislative action. The bill does not create new programs but preserves existing funding mechanisms through 2027.

Topics ✓ HousingSupports HousingExtends bond authority for housing finance programs including $7.92B general housing and $2.4B mortgage funding, maintaining current support for affordable housing initiatives.95% confidence

Sub-Topics Community Development Housing Finance Mortgages

Track