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.