Housing (Mortgages)

in committee · New York · Senate Jan 7, 2026

S 3077: Relates to requiring plaintiffs to furnish proof that notice of possible foreclosure was delivered to the defendant

This bill requires lenders or mortgage servicers (plaintiffs in foreclosure cases) to provide official proof that foreclosure notices were delivered to borrowers (defendants). Specifically, notices must be sent via registered/certified mail with proof of delivery, or first-class mail with a request for proof, to the borrower's last known address and the property address. Failure to provide this proof becomes a legal defense that can halt foreclosure proceedings. The bill also mandates including current lists of local housing counseling agencies in foreclosure notices.

Topics ✓ HousingSupports HousingRequires proof of foreclosure notice delivery, protecting homeowners' property rights by preventing wrongful foreclosure, aligning with property rights in housing policy.85% confidence

Sub-Topics Mortgages Tenant Rights

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in committee · New York · Senate Jan 7, 2026

S 5790: Establishes the New York student loan assistance and home purchase act

Establishes the "New York student loan assistance and home purchase act" for the purposes of facilitating the purchase of homes by individuals who are burdened by student debt, by providing financing opportunities for the consolidation of student debt into a mortgage.

Topics ✓ HousingSupports HousingBill enables home purchase for student debt holders by consolidating debt into mortgages, directly addressing a key barrier to affordable housing access and promoting homeownership.90% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Senate Jan 7, 2026

S 4446: Enacts the "shelter arrears eviction forestallment act"

Enacts the "shelter arrears eviction forestallment act" to provide emergency assistance for rent or mortgage arrears or other fees for the prevention of eviction.

Topics ✓ HousingSupports HousingBill provides emergency assistance for rent/mortgage arrears to prevent eviction, directly protecting tenants and promoting housing stability.95% confidence

Sub-Topics Mortgages Renters Tenant Rights

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in committee · New York · Assembly Jan 7, 2026

A 1553: Requires companies aided by loans under Mitchell-Lama to notify tenants of buy out from mortgage options and a report by the commissioner or supervising agency

Requires companies aided by loans under Mitchell-Lama to notify tenants of such housing of the possibility of buyout from mortgages held which would potentially result in rent increases not later than twelve months prior to proposed dissolution; provides such notice shall inform tenants of the nature of the action, the date intended, the applicable laws and a summary of the potential consequences including expenses and rent increases which may be charged; requires the commissioner or supervising agency to prepare a report to be made available to the tenants of the project.

Topics ✓ HousingSupports HousingRequires landlords to notify tenants of potential rent increases from buyouts, strengthening tenant protections under Mitchell-Lama housing program.90% confidence

Sub-Topics Mortgages Renters

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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

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in committee · New York · Assembly Jan 7, 2026

A 5350: Exempts first-time homebuyers from the mortgage recording tax

This bill exempts first-time homebuyers from the mortgage recording tax when purchasing a primary residence. It defines "first-time homebuyer" as an individual who has never owned a primary home, isn't married to someone who owned one in the past three years, and doesn't own vacation or investment properties. The exemption applies to mortgages executed on or after the law's effective date (January 1st following enactment). This directly affects qualifying first-time homebuyers by reducing their closing costs for purchasing a primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts first-time homebuyers from mortgage recording tax, providing tax relief for lower-income buyers as defined in the bill.95% confidence ✓ HousingSupports HousingExempts first-time homebuyers from mortgage recording tax, reducing purchase costs and increasing affordability for primary residence buyers.95% confidence

Sub-Topics Procurement Homeownership Mortgages Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 4340: Establishes the new American homebuyer assistance program within the state of New York mortgage agency

Establishes the New American homebuyer assistance program within the state of New York mortgage agency to assist first time homebuyers by imposing flexible documentation guidelines that take into account foreign documentation of income and assets.

Topics ✓ HousingSupports HousingEstablishes new state program funding first-time homebuyer assistance with flexible documentation for foreign income/assets, directly advancing affordable housing access.92% confidence ✓ ImmigrationSupports ImmigrationBill enables immigrant homebuyers by accepting foreign income/assets documentation, directly supporting immigrant integration through housing access.85% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Assembly Jan 7, 2026

A 2664: Expands access to mortgage loans for cooperative properties under the homes for veterans program

Expands access to mortgage loans for cooperative properties under the homes for veterans program, as administered by the state of New York mortgage agency.

Topics ✓ HousingSupports HousingExpands mortgage access for veteran cooperative housing, increasing affordable housing options under state program.90% confidence ✓ VeteransSupports VeteransExpands mortgage loan access under NY's veterans housing program, directly advancing benefit accessibility for veterans.95% confidence

Sub-Topics Mortgages Veteran Housing

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in committee · New York · Senate Jan 7, 2026

S 4488: Exempts first-time homebuyers from the mortgage recording tax

This bill exempts first-time homebuyers from the mortgage recording tax on qualifying home purchases. It defines a "first-time homebuyer" as someone who hasn’t owned a primary residence in the past three years (and isn’t married to someone who has), and doesn’t own vacation or investment properties. The exemption applies only to mortgages for primary residences, removing a tax burden for eligible buyers. The law takes effect January 1 following its enactment, applying to mortgages signed on or after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts first-time homebuyers from mortgage tax, providing tax relief for lower-income buyers per support indicators on tax relief.95% confidence ✓ HousingSupports HousingExempts first-time homebuyers from mortgage tax, reducing purchase costs for primary residences and increasing housing affordability.95% confidence

Sub-Topics Homeownership Mortgages Property Taxes

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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

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