Key legislators
Who's moving mortgages in New York
Showing 71–78 of 78
bills
All housing bills
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.
Establishes a housing part for city court of Yonkers to have jurisdiction of such actions and proceedings; including but not limited to enforcement and foreclosure of liens, injunctions and restraining orders for the enforcement of housing standards and special proceedings to vest title in the city of Yonkers to abandoned multiple dwellings; makes various other provisions.
This bill would prevent mortgage lenders from penalizing borrowers who don't set high enough rental rates on properties covered by their mortgages. It voids any mortgage clause requiring minimum rents or punishing low rents, applying to all mortgages regardless of when they were created, renewed, or modified. The law directly affects property owners with mortgages who might face fees or default penalties for not meeting arbitrary rent minimums. This policy change ensures lenders cannot enforce such clauses as against public policy.
S 8267 establishes a local community housing fund for the Town of Rochester, Ulster County, to increase affordable housing opportunities for residents. The fund provides financial assistance - up to 50% of a home's purchase price - as grants or loans to first-time homebuyers meeting income limits (100% of state mortgage agency thresholds for Ulster County). It uses town revenues like real estate transfer taxes, general fund surpluses, and state/federal grants to support home purchases, new construction, rehabilitation, or rental housing for eligible households. The program specifically targets primary residences (not investment properties) and requires repayment of loans upon home resale.
Requires counties and/or cities to establish a plan for providing legal counsel to persons who are defendants or respondents in eviction, ejectment and foreclosure proceedings and who are financially unable to obtain counsel; defines eligible person as one whose gross individual income is not in excess of one hundred twenty-five percent of the federal income official poverty line; requires the state to match dollar for dollar the amount counties appropriate for their plans.
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.
This bill (S 4088) gives homeowners facing real property disputes who cannot afford a lawyer the right to have a court assign them counsel. It directly affects low-income homeowners involved in property cases like evictions or foreclosure. The key provision requires courts to provide court-appointed lawyers through existing county legal aid systems (under Article 18-B of the County Law), mirroring how representation is handled for criminal defendants or family court cases. The bill updates county law to explicitly include "certain real property actions" in the scope of assigned counsel programs. It does not create new funding but formalizes access to existing representation mechanisms for qualifying property disputes.
Provides for free legal representation in certain mortgage foreclosure actions where the homeowner is financially unable to obtain counsel; requires notice of such availability.
