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S 8267 New York Senate · 2025 Regular Session

Establishes a community housing fund in the town of Rochester, county of Ulster

S 8267 establishes a local community housing fund for the Town of Rochester, Ulster County, to increase affordable housing opportunities for residents. The fund provides financial assistance - up to 50% of a home's purchase price - as grants or loans to first-time homebuyers meeting income limits (100% of state mortgage agency thresholds for Ulster County). It uses town revenues like real estate transfer taxes, general fund surpluses, and state/federal grants to support home purchases, new construction, rehabilitation, or rental housing for eligible households. The program specifically targets primary residences (not investment properties) and requires repayment of loans upon home resale.
Issues: ✓ Budget & TaxesSupports Budget & TaxesUses town tax revenues (real estate transfer taxes) and surpluses to fund affordable housing program, allocating existing budget resources toward housing needs.90% confidence ✓ HousingSupports HousingEstablishes fund providing up to 50% purchase assistance to first-time homebuyers meeting income limits, directly increasing affordable housing access through grants/loans.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 28, 2025 Last action Jun 2, 2026
Maddy AI version diff · 2 comparisons

What changed between versions

S8267A → S8267B · 3 edits
MINOR
The bill version was updated from A to B, reflecting a procedural change where the committee has discharged the bill and ordered it reprinted as amended. The substantive policy text regarding the community housing fund, including definitions, funding sources, and usage purposes, remains unchanged.
TECHNICAL

The bill number was updated from S 8267--A to S 8267--B, and the internal document identifier was updated from LBD11037-06-6 to LBD11037-09-6.

The committee status line was reorganized to reflect that the bill was discharged and ordered reprinted as amended, indicating a procedural update in the legislative process.

The original definitions for 'First-time homebuyer', 'Primary residential property', and 'Eligible individual' were removed from the initial view but are present in the new version, indicating a formatting or structural reorganization rather than a policy change.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
4
Committee
2
Amendments
4
Jun 2, 2026
Upper · Passed
PRINT NUMBER 8267B
upper
Jun 2, 2026
Upper · Passed
AMEND AND RECOMMIT TO LOCAL GOVERNMENT
upper
May 20, 2026
Upper · Passed
PRINT NUMBER 8267A
upper
May 20, 2026
Upper · Passed
AMEND AND RECOMMIT TO LOCAL GOVERNMENT
upper
Jan 7, 2026
Committee
REFERRED TO LOCAL GOVERNMENT
upper
May 28, 2025
Committee
REFERRED TO LOCAL GOVERNMENT
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Peter Oberacker
Peter Oberacker
RRepublican/Conservative
NY
51