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S 4414 New York Senate · 2025 Regular Session

Establishes an optional local tax exemption for affordable multi-family housing, to be implemented based on regional recommendations developed by the division of housing and community renewal

Summary
Establishes an optional local tax exemption for affordable multi-family housing, to be implemented by cities, towns and villages based on recommendations developed by the division of housing and community renewal for each economic development region.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for affordable housing, reducing local tax burden on multi-family developments targeting lower-income housing, aligning with tax relief indicators.90% confidence ✓ HousingSupports HousingTax exemption incentivizes affordable housing development by reducing costs for multi-family projects, directly advancing affordable housing access.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2025 Last action Jan 7, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
Feb 4, 2025
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Rachel May
Rachel May
DDemocratic/Working Families
NY
48