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S 6263 New York Senate · 2025 Regular Session

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

Summary
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.
Issues: ✓ 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
Bill status passed 3 of 5 stages cleared
Introduction
Mar 2025
Committee Review
Jun 2026
Senate Passage
Jun 2026
Assembly Passage
Governor
Introduced Mar 7, 2025 Last action Jun 3, 2026
Floor votes · Senate Jun 3, 2026

How they voted

61–0
Passed · 2 other
Total votes 63
Jun 3, 2026
D Democratic41
39 Yea 2
95% Yea
R Republican22
22 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
12
Key actions
1
Committee
4
Jun 3, 2026
Committee
REFERRED TO HOUSING
lower
Jun 3, 2026
Upper · Passed
PASSED SENATE
upper
Jan 7, 2026
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
Jun 13, 2025
Committee
COMMITTED TO RULES
upper
Mar 7, 2025
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Joe Griffo
Joe Griffo
RRepublican/Conservative
NY
53