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.
This bill requires a 75% transfer fee on the market value when rental housing projects or mutual companies (after 20 years of occupancy) are sold or dissolved. It directly affects owners of these properties by mandating this fee payment upon sale or dissolution. The collected fees fund a dedicated housing program to subsidize existing affordable housing developments, provide zero-interest repair loans, convert projects to tenant-owned models, and support new affordable housing initiatives. The funds are managed by New York City and State housing agencies to maintain affordability and support tenant ownership.
This bill (S 8311, now Chapter 438) requires the New York City Housing Authority (NYCHA) to maintain and clearly define policies allowing family members or eligible individuals to take over a public housing lease when the current tenant permanently moves out or dies. Key provisions mandate NYCHA to establish written rules covering eligibility, relocation needs, payment during the transition, and the right to appeal denied succession requests, all while complying with federal, state, and local laws. The law also requires NYCHA to provide 30 days' written notice and accept public comments before changing these policies. This policy change directly affects current NYCHA tenants facing loss of a household member and ensures consistent, transparent succession processes. The bill was signed into law on October 16, 2025.
Prohibits property/casualty insurers from discriminating based on race, color, creed, national origin, disability, age, marital status, sex, sexual orientation, education background or educational level attained, employment status or occupation, income level, consumer credit information or score, ownership or interest in real property, location, type of residence, including but not limited to single-family home, multi-family home, apartment, housing subsidized by state and/or federal programs, or any other residence type, or any indication of a consumer's price elasticity of demand.
This bill proposes a constitutional amendment to guarantee six specific economic rights for all New York citizens, regardless of income. It would add a new section to the state constitution stating every citizen is entitled to: a living-wage job, quality healthcare, complete education, affordable housing, a clean environment, and a secure retirement. If passed, these rights would be enshrined in the state constitution, requiring future governments to prioritize them in policy decisions. The amendment is currently under review by the Judiciary Committee and awaiting further legislative action.
S 864 caps annual rent increases for major building improvements at 6% of the legal regulated rent for all tenants in regulated housing. Landlords can still raise rents for essential upgrades like roof repairs, energy efficiency work, or structural fixes, but yearly increases cannot exceed 6% of the current rent. This replaces a previous 2% annual limit for certain older improvement approvals (approved between 2012-2019). The bill directly affects landlords seeking rent hikes for building improvements and their tenants in regulated housing units.
This bill requires New York City's Planning Commission to review and approve all new locations, expansions, or service changes for specific social services facilities operated by city agencies. It directly affects agencies managing shelters, housing programs, youth services, and supportive housing (like ACS placement facilities, homeless shelters, and affordable housing with support services). The key provision mandates the Commission to consider neighborhood character, property values, and existing facility locations before approving such changes. The law does not change service eligibility but adds a new approval step for facility operations.
Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities; defines "veteran with a service-related disability".
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.
Requires landlords of certain housing accommodations to include with all new and renewal leases, on any rent bills, including any electronic communication the informational material describing eligibility for and the benefits of the senior rent increase exemption program and the disability rent increase exemption program.
