Relates to increasing the bonding authority of the New York city housing development corporation
This bill increases the New York City Housing Development Corporation's borrowing limit from $19 billion to $20 billion for issuing bonds. It directly affects the corporation's ability to fund affordable housing projects across New York City by expanding its financial capacity. The key change is a simple $1 billion increase to the bonding authority, with no other substantive policy shifts.
Bill status
signed
all 5 stages cleared
Introduction
May 2025
Committee Review
Jun 2025
Senate Passage
Jun 2025
Assembly Passage
Jun 2025
Signed into Law
Aug 2025
Introduced May 27, 2025
Signed Aug 26, 2025
Floor votes · Senate Jun 10, 2025 · Assembly Jun 10, 2025
How they voted
53–5
Passed · 5 other
Total votes 63
Jun 10, 2025
D
Democratic41
90% Yea
R
Republican22
72% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
3
Committee
3
Aug 26, 2025
Signed into law
SIGNED CHAP.360
upper
Jun 10, 2025
Lower · Passed
PASSED ASSEMBLY
lower
Jun 10, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 10, 2025
Upper · Passed
PASSED SENATE
upper
Jun 4, 2025
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
May 27, 2025
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brian Kavanagh
DDemocratic
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