A 5177 New York Assembly · 2025 Regular Session

Establishes a fund for the creation of affordable housing

This bill creates a voluntary fund for affordable housing targeted at veterans and seniors. It allows taxpayers to make extra, non-tax-reducing contributions to the "Affordable Housing for Veterans and Seniors Fund" when filing their state income taxes. The fund, managed jointly by tax and veterans' agencies, will use all collected contributions exclusively for housing projects serving these groups. Annual reports will detail how funds were spent, including recipient names, amounts awarded, and project purposes.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Feb 12, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 1 co-sponsor

Sponsors