Housing (Mortgages)

in committee · New York · Senate Jan 7, 2026

S 1264: Requires a mortgagor to provide notice of imminent foreclosure

This bill requires property owners (mortgagors) to notify current or prospective tenants about imminent foreclosure before renewing or signing a lease. Specifically, owners must send a copy of the foreclosure summons and complaint via certified mail at least two weeks prior to any lease action. Failure to provide this notice results in a $500 credit against the tenant's rent per violation. The law directly affects tenants facing potential displacement and property owners managing rental properties.

Topics ✓ HousingSupports HousingRequires foreclosure notice to tenants, preventing sudden displacement and providing rent credit for violations, directly strengthening tenant protections.90% confidence

Sub-Topics Landlords Mortgages Tenant Rights

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in committee · New York · Senate Jan 7, 2026

S 2375: Creates a veteran's home and land ownership loan program

Creates a veteran's home and land ownership loan program to provide loans to veterans to purchase homes or unimproved land suitable for building; requires such loans to be secured by a second mortgage.

Topics ✓ HousingSupports HousingBill creates veteran-specific home loan program, funding housing access through secured loans, aligning with housing support indicators.95% confidence ✓ VeteransSupports VeteransCreates loan program for veterans' home/land ownership, expanding access to housing benefits as a direct veteran service enhancement.95% confidence

Sub-Topics Homeownership Mortgages Veteran Housing

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in committee · New York · Senate Jan 7, 2026

S 2719: Relates to authorizing the city of Niagara Falls to add unpaid housing code violation penalties, costs and fines to such city's annual tax levy

This bill allows the city of Niagara Falls to add unpaid housing code violation penalties, costs, and fines to the city's annual property tax levy. It applies only to properties where violations were legally adjudicated by a court, remain unpaid for one year, and total at least 5% of the property's tax value. The bill excludes owner-occupied primary residences and requires the city to provide tenant relocation assistance if a rental property faces tax foreclosure due to unpaid violations. Property owners can still pay the debt directly, enter payment plans, or cure violations to avoid foreclosure. The city must notify property owners and follow specific notice and foreclosure procedures.

Topics ✓ HousingSupports HousingEnforces housing code compliance via tax levies, protects tenants with relocation assistance for rental properties facing foreclosure, aligns with tenant protection indicators.85% confidence

Sub-Topics Homeownership Mortgages Property Taxes

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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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in committee · New York · Assembly Jan 7, 2026

A 3045: 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 HousingCreates state program to assist first-time homebuyers with flexible documentation, advancing affordable housing access through new mortgage assistance.95% confidence ✓ ImmigrationSupports ImmigrationBill establishes homebuyer program with flexible foreign documentation guidelines for income/assets, directly aiding immigrants by removing barriers to state housing services and supporting integration.90% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Assembly Jan 7, 2026

A 4893: 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 ✓ HousingSupports HousingProvides financial/technical assistance for manufactured home community preservation, directly funding affordable housing preservation efforts.95% confidence

Sub-Topics Historic Preservation Mortgages

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in committee · New York · Assembly Jan 7, 2026

A 4336: 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 HousingConsolidates student debt into mortgages, reducing barriers to homeownership for debt-burdened individuals, directly advancing affordable housing access.90% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Senate Jan 7, 2026

S 4236: Relates to protecting the rights of Mitchell-Lama residents

S 4236 creates an independent office to handle tenant complaints about Mitchell-Lama housing issues, including harassment, unfair rent increases, poor maintenance, and lack of transparency in building conversions. It requires owners to provide verified financial records for building refinancing or conversions and mandates state comptroller approval for all rent increases based on documented financial reviews. The bill also guarantees legal support for tenants in housing court and directs courts to assign judges experienced with Mitchell-Lama regulations. These changes directly protect current and converted Mitchell-Lama residents from financial and operational abuses by landlords or management.

Topics ✓ HousingSupports HousingBill creates tenant complaint office, mandates financial transparency for owners, requires comptroller approval for rent hikes, and guarantees legal support - all strengthening tenant protections in affordable Mitchell-Lama housing.95% confidence

Sub-Topics Mortgages Renters Tenant Rights

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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 2338: Creates a veteran's home and land ownership loan program

Creates a veteran's home and land ownership loan program to provide loans to veterans to purchase homes or unimproved land suitable for building; requires such loans to be secured by a second mortgage.

Topics ✓ HousingSupports HousingCreates a veteran-specific housing loan program for home/land ownership, providing direct funding for housing development and property ownership, aligning with housing program support indicators.90% confidence ✓ VeteransSupports VeteransCreates new loan program for veteran home/land ownership, expanding housing benefits and financial support for veterans.95% confidence

Sub-Topics Homeownership Mortgages Veteran Housing

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