Housing (Housing Finance)

in committee · New York · Senate Jan 7, 2026

S 5674: Establishes the New York State Social Housing Development Authority

Establishes the New York State social housing development authority as a public benefit corporation to increase the supply of permanently affordable housing in the state through the acquisition of land and renovation or rehabilitation of existing real property, and through the construction of new, permanently affordable housing.

Topics ✓ HousingSupports HousingBill establishes authority to increase permanently affordable housing supply through land acquisition, renovation, and new construction, directly advancing affordable housing goals.95% confidence

Sub-Topics Affordable Housing Housing Finance Property Development

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in committee · New York · Senate Jan 7, 2026

S 4416: Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing

Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing, nullifying a DHCR determination that projects for the renovation and preservation of existing housing do not qualify.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for low-income housing renovations, increasing tax incentives to fund affordable housing preservation through fiscal policy.95% confidence ✓ HousingSupports HousingBill expands low-income housing tax credits to include renovation/preservation of existing housing, directly advancing affordable housing funding by nullifying prior restrictions on qualifying projects.95% confidence

Sub-Topics Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Senate Jan 14, 2025

S 735: Increases the New York state housing finance agency bonding authority

This bill raises the New York State Housing Finance Agency's (HFA) borrowing limit for bonds from $31 billion to $36.28 billion. It directly affects the HFA by allowing it to issue more bonds for housing programs, including affordable housing, health facilities, and senior services projects. The increase applies to bonds issued for these purposes, excluding those used to refinance existing debt. This change enables the agency to expand housing financing without requiring new legislative approval for each project.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases HFA bonding authority to fund affordable housing and public services, expanding budget capacity for essential programs without new legislative approval.95% confidence ✓ HousingSupports HousingIncreases HFA bonding authority to expand affordable housing financing, directly enabling more housing programs without new legislative approval.95% confidence

Sub-Topics Debt & Bonds Affordable Housing Housing Finance

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in committee · New York · Senate Feb 10, 2026

S 3068: Subsidizes closing costs for low income current tenants who are purchasing a home

Calls for the state to subsidize a portion of closing costs for certain individuals who have been tenants of public housing projects or rent subsidized housing for the previous five years.

Topics ✓ HousingSupports HousingSubsidizes closing costs for low-income tenants transitioning to homeownership, directly advancing affordable housing access for vulnerable residents.95% confidence

Sub-Topics Affordable Housing Homeownership Housing Finance

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in committee · New York · Senate May 18, 2026

S 2523: Establishes the jobs and housing pilot program to create jobs in the construction industry and address the housing crisis

Establishes the "jobs and housing act"; directs the private housing finance agency to develop and administer a jobs and housing pilot program to construct and preserve housing, including workforce housing, that is affordable to low and moderate income persons, and creates jobs for those who build and work in such housing.

Topics ✓ HousingSupports HousingBill creates a pilot program to develop/redevelop housing affordable to 130% AMI, directly advancing affordable housing access as defined in topic description.95% confidence

Sub-Topics Affordable Housing Housing Finance Property Development

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in committee · New York · Senate Jan 7, 2026

S 529: Establishes the local initiatives task force on housing

Establishes the local initiatives task force on housing, in order to collaborate with local government officials, state agencies, and stakeholders to develop best practices for local governments to incentivize housing development.

Topics ✓ HousingSupports HousingEstablishes task force to develop best practices for incentivizing housing development, advancing affordable housing goals through collaborative policy solutions.85% confidence

Sub-Topics Affordable Housing Housing Finance Zoning

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in committee · New York · Senate Jan 7, 2026

S 6516: Directs the division of housing and community renewal to conduct a study on alternatives to the affordable New York housing program

Directs the division of housing and community renewal to conduct a study on alternatives to the affordable New York housing program by investigating new models and partnerships to provide affordable housing to residents of the state.

Topics ✓ HousingSupports HousingBill directs study on new affordable housing models/partnerships to advance state housing program, aligning with support indicators for expanding housing solutions.85% confidence

Sub-Topics Affordable Housing Housing Finance Tenant Rights

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in committee · New York · Senate Jan 7, 2026

S 3997: Relates to amending the low income housing tax credit eligibility requirements

Amends the low income housing tax credit eligibility requirement to at least sixty percent of residential units be both rent-restricted and occupied by individuals whose income is one hundred twenty-five percent or less of area median gross income.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax credit eligibility to target lower-income housing, directing tax benefits toward affordable housing programs for residents at 125% AMI.92% confidence ✓ HousingSupports HousingMandates 60% of LIHTC units be rent-restricted for households at 125% AMI, directly expanding affordable housing access through tax credit requirements.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 6695: Relates to amending the low income housing tax credit eligibility requirements

Amends the low income housing tax credit eligibility requirement to at least sixty percent of residential units be both rent-restricted and occupied by individuals whose income is one hundred twenty-five percent or less of area median gross income.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax credit eligibility to require 60% rent-restricted units for low-income households, directing tax incentives toward affordable housing programs.95% confidence ✓ HousingSupports HousingRequires 60% of units to be rent-restricted for ≤125% AMI, strengthening affordability criteria for low-income housing tax credits.92% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 4089: Establishes the first-time homebuyer assistance program within the state of New York mortgage agency

Establishes the first-time homebuyer assistance program within the state of New York mortgage agency to provide assistance to first-time homebuyers of certain residential units.

Topics ✓ HousingSupports HousingEstablishes state-funded program to assist first-time homebuyers, directly advancing affordable housing access through financial support for residential purchases.95% confidence

Sub-Topics Homeownership Housing Finance Mortgages

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