Housing (Housing Finance)

signed · New York · Assembly Jul 31, 2026

A 11529: Relates to the bonding authority of the New York city housing development corporation

Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.

Topics ✓ HousingSupports HousingBill increases bonding authority for NYC Housing Development Corp, directly funding housing development and expansion.90% confidence

Sub-Topics Housing Finance Property Development

in committee · New York · Senate May 15, 2026

S 10503: Establishes the pro-housing communities incentive fund

Establishes the pro-housing communities incentive fund to provide incentive payments to municipalities based on the number of eligible new housing units produced within such municipality.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new incentive fund to provide payments to municipalities, directly increasing government spending and funding for housing development.75% confidence ✓ HousingSupports HousingBill establishes a fund to incentivize municipalities for producing new housing units, directly advancing housing development.95% confidence

Sub-Topics Affordable Housing Housing Finance

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passed · New York · Senate Jun 4, 2026

S 10446: Relates to the powers of the New York state housing finance agency

This bill makes certain temporary powers of the New York State Housing Finance Agency permanent, allowing it to continue financing multi-family housing projects without an expiration date. Specifically, it removes a 2027 deadline that previously limited the agency's ability to issue tax-exempt bonds and set income limits for mortgage recipients. The legislation also ensures that the agency can maintain its current borrowing limits and program guidelines indefinitely, rather than reverting to older laws after the temporary period ends. Directly affecting the agency and the housing projects it funds, the bill provides long-term stability for its operations while leaving the specific financial caps and eligibility rules unchanged.

Topics ✓ HousingSupports HousingBill makes temporary housing financing powers permanent, ensuring continued funding and development of multi-family housing projects.95% confidence

Sub-Topics Housing Finance Mortgages

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in committee · New York · Senate Jun 2, 2026

S 10442: Relates to the bonding authority of the New York city housing development corporation

Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.

Topics ✓ HousingSupports HousingBill increases bonding authority for NYC Housing Development Corp, directly funding housing development and strengthening affordable housing capacity.90% confidence

Sub-Topics Housing Finance Property Development

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passed · New York · Senate Jun 4, 2026

S 9679: Establishes the block by block homeownership program

Establishes the block by block homeownership program to provide capital subsidies for the purpose of constructing, preserving, and rehabilitating one- to two- family dwellings throughout the state, outside of NYC.

Topics ✓ HousingSupports HousingBill establishes a program to fund construction and preservation of one- to two-family dwellings, directly advancing affordable housing goals.95% confidence

Sub-Topics Affordable Housing Homeownership Housing Finance

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passed both · New York · Senate Jun 1, 2026

S 9571: Permits multiple transfers of low-income housing tax credits

This bill allows low-income housing tax credits to be transferred multiple times between different owners or entities, rather than being limited to a single transfer. It directly affects taxpayers who own interests in low-income housing buildings and the entities that receive these tax credits. The key provision permits a transferee to pass the credit on to another person or entity, provided the transfer is properly documented and does not affect the project's eligibility for program benefits. The changes apply to tax credits allocated under the public housing law, regardless of whether the projects are under construction, completed, or in pre-development stages.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credit transfers, providing more flexibility for low-income housing investments and potentially increasing funding for affordable housing programs.85% confidence ✓ HousingSupports HousingBill facilitates low-income housing tax credit transfers, enabling more entities to develop affordable housing projects and increasing available affordable housing units.85% confidence

Sub-Topics Affordable Housing Historic Preservation Housing Finance

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in committee · New York · Senate Feb 4, 2026

S 9117: Establishes the small homeowner rehabilitation revolving loan program

Establishes the small homeowner rehabilitation revolving loan program administered by the New York state housing finance agency consisting of moneys appropriated by the legislature, repayments of principal and interest on loans made from the program, interest earnings, private or philanthropic contributions, and any other moneys made available for its purposes; authorizes the New York state housing finance agency to make low-interest loans, deferred payment loans, or forgivable loans, or a combination thereof, to eligible small homeowners for eligible rehabilitation and repair projects; provides for eligibility requirements and tenant protections.

Topics ✓ HousingSupports HousingEstablishes a state-administered loan program for small homeowner rehabilitation, directly funding affordable housing access through low-interest loans and rehabilitation assistance.95% confidence

Sub-Topics Homeownership Housing Finance

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in committee · New York · Senate Mar 31, 2026

S 8672: Enacts the employer-assisted housing matching grant act

Creates an employer-assisted housing match grant program under which certain nonprofit employees may be eligible for a state match for certain employer-provided funds for housing costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new state expenditure for employer housing grants, increasing government spending on housing assistance programs.90% confidence ✓ HousingSupports HousingCreates state match for employer housing funds, directly funding affordable housing assistance for nonprofit employees through a grant program.95% confidence

Sub-Topics Affordable Housing Housing Finance Tenant Rights

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in committee · New York · Senate Apr 20, 2026

S 8675: Enacts the CareForce first-time homebuyers act

Establishes the CareForce first-time homebuyers program under which certain first-time homebuyers may receive below-market mortgage financing and forgivable down payment assistance.

Topics ✓ HousingSupports HousingProvides below-market mortgages and forgivable down payment assistance for first-time homebuyers, directly increasing affordable housing access.95% confidence

Sub-Topics Affordable Housing Homeownership Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 5497: Clarifies the exemption for cooperative housing corporations where there is no change in beneficial ownership

This bill clarifies that transfers involving cooperative housing corporations during voluntary dissolution under the private housing finance law are exempt from certain taxes, provided there is no change in beneficial ownership. It specifically adds these voluntary dissolution transfers to an existing tax exemption that covers mere changes in a corporation's identity or form of ownership. The change directly affects cooperative housing corporations and their shareholders when dissolving voluntarily without altering who ultimately controls the property. This amendment ensures these specific transactions remain tax-exempt, aligning with existing policy for similar ownership changes.

Topics ✓ HousingSupports HousingClarifies tax exemption for cooperative housing dissolutions without ownership change, preserving affordable housing model and preventing tax barriers to co-op stability.85% confidence

Sub-Topics Housing Finance

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