Housing (Affordable Housing)

in committee · New York · Assembly Jan 7, 2026

A 7679: Establishes the vacant rental improvement program

This bill establishes a state program providing grants of up to $75,000 per unit to owners of small rental buildings (five or fewer units) located outside New York City. The program targets vacant units or those with code violations, requiring owners to renovate and lease units at affordable rates - defined as 80% of area median income - for a minimum of ten years. Owners who violate the affordability agreement must repay all grants received. The program aims to address upstate New York's shortage of safe, affordable housing by incentivizing property improvements while ensuring long-term tenant affordability.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state budget funds via grants ($75k/unit) for affordable housing renovations, directly funding a public service program through government spending.95% confidence ✓ HousingSupports HousingEstablishes grants for renovating vacant units to affordable rates (80% AMI) with 10-year lease requirement, directly increasing affordable housing stock.95% confidence

Sub-Topics Affordable Housing Tenant Rights

Track

in committee · New York · Assembly Jan 7, 2026

A 9015: Establishes the insurance and housing task force

This bill establishes a 13-member insurance and housing task force in New York to address rising insurance costs for affordable housing. The task force, co-chaired by the Superintendent of Financial Services and the Commissioner of Homes and Community Renewal, will assess insurance availability, pricing, and coverage barriers for affordable and multifamily housing owners and developers. It will evaluate reinsurance, claim trends, and market barriers, then recommend specific statutory, regulatory, or program changes within 18 months. The task force expires after three years and will publish interim and final reports with actionable recommendations to improve insurance access for this housing sector.

Topics ✓ HousingSupports HousingAddresses rising insurance costs for affordable housing via task force to assess barriers and recommend solutions, directly supporting housing development efforts.95% confidence

Sub-Topics Affordable Housing

Track

in committee · New York · Assembly Jan 7, 2026

A 802: Initiates a four-year moratorium on privatization voting by Mitchell-Lama building shareholders

Bill A 802 creates a mandatory four-year waiting period before Mitchell-Lama housing cooperative shareholders can vote again on dissolving their building after a failed dissolution vote. It directly affects all shareholders in Mitchell-Lama buildings across New York State by preventing repeated votes on ending their cooperative status. The law requires a minimum four-year pause, though local governments may adopt stricter rules if they choose. This policy change aims to provide stability for affordable housing communities by limiting frequent dissolution attempts.

Topics ✓ HousingSupports HousingPrevents frequent dissolution votes, maintaining Mitchell-Lama affordable housing co-ops and protecting tenant stability against privatization attempts.90% confidence

Sub-Topics Affordable Housing

Track

in committee · New York · Assembly Jan 7, 2026

A 189: Relates to the supervision of certain limited profit housing companies

This bill amends oversight procedures for limited profit housing companies operating state- or municipally-aided projects. It clarifies when the housing commissioner or local supervising agency can intervene if a company fails to follow laws, endangers public interest, or harms tenants, lienholders, or investors. Key provisions require agencies to file a court petition to stop violations or appoint a court manager (receiver) if needed, with the company given 20 days to respond. The court must then quickly review the case without strict legal formalities and can issue orders or appoint a manager to protect affected parties. This directly affects housing companies, their tenants, and financial stakeholders involved in subsidized housing projects.

Topics ✓ HousingSupports HousingBill mandates oversight to prevent harm to tenants by requiring intervention when housing companies violate laws, strengthening tenant protection mechanisms.90% confidence

Sub-Topics Affordable Housing

Track

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

Track

in committee · New York · Senate Jan 7, 2026

S 6452: Requires rent concessions to be reported to the division of housing and community renewal

Requires rent concessions to be reported to the division of housing and community renewal; requires the inclusion of a statement of net effective rent for units with concessions; requires certain annual statements filed to include reporting of rent concessions.

Topics ✓ HousingSupports HousingRequires transparency in rent concessions and net effective rent reporting, enhancing tenant awareness of actual costs, aligning with tenant protection measures.85% confidence

Sub-Topics Affordable Housing Renters

Track

passed · New York · Senate Jun 3, 2026

S 6263: Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates escrow for property tax obligations, ensuring state revenue collection and fiscal responsibility for affordable housing maintenance costs.90% confidence ✓ HousingSupports HousingMandates escrow accounts for out-of-state affordable housing owners to cover maintenance, utilities, and taxes, preserving affordability and ensuring unit upkeep, directly supporting tenant protections and housing stability.95% confidence

Sub-Topics Property Tax Affordable Housing Property Taxes

Track

in committee · New York · Senate Jan 21, 2026

S 849: Establishes the USDA construction tax credit

Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for USDA mortgage homebuyers, providing tax relief to lower-income households through reduced tax burden on new home construction.95% confidence ✓ HousingSupports HousingTax credit incentivizes construction of homes for USDA mortgage qualifiers, directly advancing affordable housing development through financial incentives.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Housing Finance Property Taxes

Track

in committee · New York · Assembly Jan 7, 2026

A 1791: Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.

Topics ✓ HousingSupports HousingMandates escrow for maintenance/financing of affordable units, ensuring ongoing affordability and upkeep per bill summary.95% confidence

Sub-Topics Affordable Housing Property Taxes

Track

in committee · New York · Assembly Apr 16, 2026

A 9255: Establishes the build up New York pilot program and the mass timber for affordable housing program to encourage the use of mass timber in affordable housing retrofits and additions

Establishes the build up New York pilot program to provide grants to eligible municipalities that construct new accessory dwelling unit housing projects built on top of existing buildings that utilize mass timber and serve certain households; establishes the mass timber for affordable housing program to provide tax credits for eligible taxpayers who use mass timber in certain new construction or major retrofits of existing buildings that primarily serve households up to one hundred fifty percent of the area median income; establishes tax credits for mass timber production.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for mass timber housing projects and grants for municipal affordable housing initiatives, advancing fiscal support for housing affordability.95% confidence ✓ HousingSupports HousingBill creates grant and tax credit programs specifically for affordable housing retrofits, additions, and new construction using mass timber, directly funding and advancing affordable housing development.95% confidence

Sub-Topics Affordable Housing Zoning

Track