Housing (Housing Finance)

in committee · New York · Senate Mar 24, 2026

S 1572: Enacts the "End Hedge Fund Control of New York Homes Act"

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on hedge funds to fund housing down payment assistance, directly allocating tax revenue to public housing programs.95% confidence ✓ HousingSupports HousingBill establishes down payment trust fund for homebuyers and taxes hedge funds holding homes, directly funding affordable housing programs.95% confidence

Sub-Topics Procurement Sales Tax Homeownership Housing Finance

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in committee · New York · Senate Jan 7, 2026

S 880: Enacts the housing development fund company fairness, preservation, and affordability act

Enacts the housing development fund company fairness, preservation, and affordability act to clarify certain provisions relating to the dissolution and reincorporation of housing development fund companies; provides for tax exemptions and abatements for housing development fund companies.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemptions and abatements for housing development companies, directly supporting affordable housing through fiscal incentives.95% confidence ✓ HousingSupports HousingProvides tax exemptions/abatements for housing development fund companies to enhance affordability and preservation, directly advancing housing goals.90% confidence

Sub-Topics Affordable Housing Housing Finance Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 6738: Directs the housing trust fund corporation to administer a New York small cities community development program

Directs the housing trust fund corporation to administer a New York small cities community development program to encourage the rehabilitation and repair of local housing in cities, as accounted in the most recent United State census, with a population less than one hundred thousand.

Topics ✓ HousingSupports HousingBill directs Housing Trust Fund to administer program rehabilitating housing in small cities, funding community development to maintain affordable housing stock through rehabilitation and repair.95% confidence

Sub-Topics Community Development Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 7488: Authorizes the purchase of rehabilitation mortgages by the state of New York mortgage agency

Authorizes the state of New York mortgage agency to purchase rehabilitation 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 to purchase rehab mortgages to address credit shortages for low/moderate-income housing, directly advancing affordability through increased access to financing.95% confidence

Sub-Topics Housing Finance Mortgages

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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

Sub-Topics Affordable Housing Housing Finance

in committee · New York · Assembly Jan 7, 2026

A 1818: Enacts the "End Hedge Fund Control of New York Homes Act"

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on hedge funds to fund down payment assistance programs, directly advancing housing affordability through targeted taxation and new budget allocation.95% confidence ✓ HousingSupports HousingCreates down payment trust fund for homebuyers and taxes hedge funds holding excess homes, directly advancing affordable housing access and development.95% confidence

Sub-Topics Procurement Sales Tax Homeownership Housing Finance

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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

Sub-Topics Property Tax Affordable Housing Housing Finance Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 6518: Establishes the public housing fund

Establishes the public housing fund to be used by the division of housing and community renewal to support existing public housing utilizing money from the real property transfer tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesUses real property transfer tax revenue to fund public housing, directly supporting state budget allocation for essential housing services95% confidence ✓ HousingSupports HousingBill creates a public housing fund to support existing public housing using real property transfer tax, directly funding affordable housing programs.100% confidence

Sub-Topics Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 7445: Relates to community land mortgages and authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state

Relates to the purchase of community land mortgages; defines a community land mortgage as a mortgage that is secured by a first lien on a leasehold estate in real property that is improved by a residential structure wherein title to the real property is retained by a not-for-profit housing company or housing development fund company; authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state; ensures not-for-profit housing remains as affordable housing.

Topics ✓ HousingSupports HousingBill authorizes NY mortgage agency to purchase community land mortgages, ensuring not-for-profit housing remains affordable per summary. Directly advances affordable housing access through financial mechanism.92% confidence

Sub-Topics Affordable Housing Housing Finance Mortgages

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in committee · New York · Assembly Jan 7, 2026

A 7706: Grants tax credit for downpayment made on residential housing

Grants credit against personal income tax to purchasers of residential housing in the amount of any downpayment made on such housing; provides that the maximum credit shall not exceed 5 percent of the purchase price of the residential housing; requires taxpayers to meet eligibility requirements imposed by the state of New York mortgage agency.

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants tax credit reducing personal income tax burden for homebuyers, aligning with tax relief for middle-income households through downpayment assistance.90% confidence ✓ HousingSupports HousingBill provides tax credit for downpayment on residential housing, reducing upfront costs and increasing affordability for homebuyers, directly supporting affordable housing access.90% confidence

Sub-Topics Income Tax Tax Credits Homeownership Housing Finance Mortgages

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