Authorizes the town of Chester to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.
This New York bill bans real estate appraisers from discriminating based on race, gender identity, disability, or other protected traits (like immigration status or marital status) when determining property values. It applies to all appraisers - including unlicensed individuals who market themselves as such - and prohibits using these factors in appraisals, estimates, or written communications. Violations can result in license suspension, fines (with 50% of fines directed to a fair housing fund), and disciplinary actions. The fund supports fair housing programs like testing for discrimination, education, complaint investigations, and outreach to prevent housing bias.
Prohibits residential landlords from charging tenants a fee for a dishonored rent check in excess of the actual costs or fees incurred by such landlord as a result thereof, provided such dishonored check fee was included in the initial lease.
This bill increases the maximum funding per dwelling unit for low-income housing projects from $125,000 to $250,000 under New York's Housing Trust Fund Corporation. It directly affects developers and housing organizations seeking to rehabilitate or construct affordable housing for low-income residents. Key provisions maintain restrictions on fund use - capping acquisition costs at 50% of total funding, limiting community facility spending to 10%, and prohibiting administrative costs or non-residential projects. The change allows greater flexibility for developers to modernize housing while preserving existing affordability safeguards. The bill was signed into law on October 16, 2025 (Chapter 462).
Provides for a partial exemption from taxation of certain residential real property transferred by a governmental entity, nonprofit housing organization, land bank or community land trust to low-income households; sets forth conditions for the discontinuance of such exemption.
Requires that the entire amount of a rental deposit or advance be refundable to the tenant upon the tenant's vacating of the premises except for an amount lawfully retained for non-payment of rent or utilities, damage caused by the tenant, or storage costs; requires landlord to provide an itemized statement of damages and to return the balance of the deposit within 14 days; requires that tenant be given the opportunity to inspect the rental premises prior to signing a lease; allows a grantee or assignee of the leased premises to demand that an escrow account be opened.
This bill expands the residential redevelopment inhibited property exemption to all cities, towns, and villages in the state, removing a current restriction that limited it to one specific city. It allows any municipality to adopt local laws designating properties as "redevelopment inhibited" if they are neglected, abandoned, or have conditions (like long vacancy or zoning violations) preventing private redevelopment. Property owners in designated areas can then receive an exemption from taxes on the increased value of their property after redevelopment, provided they own a one- to four-unit residence, maintain owner-occupancy, and file annual residency affidavits. The exemption covers only the incremental tax increase from redevelopment, not the base property value, and requires compliance with building and zoning codes.
Requires a petition in a summary proceeding to recover possession of real property in the city of Schenectady to allege proof of compliance with local laws requiring rental residential property registration and licensure.
This bill authorizes Suffolk County to sell a specific parkland parcel (described in Section 3, approximately 0.23 acres in Smithtown) to Russel and Deana Galindo for residential development. In exchange, the Galindos must transfer another designated parcel (described in Section 4, approximately 0.24 acres) to the county to become new parkland, with the county ensuring the fair market value of the new land equals or exceeds the value of the sold land. The bill requires the county to use any value difference to acquire additional parkland or improve existing facilities and includes federal compliance requirements if federal funds were involved. It directly affects Suffolk County, the Galindos, and future parkland users through this specific land exchange.
The "Private Activity Bond Allocation Act of 2025" establishes a new formula for distributing the statewide volume ceiling for certain tax-exempt private activity bonds. These bonds are used by state and local agencies, as well as other entities, for purposes such as housing, economic development, and job creation. The act divides the statewide ceiling into three main portions: a local agency set-aside based on population, a state agency set-aside, and a statewide bond reserve. This structure aims to provide an orderly and efficient process for allocating these bonds, which require an allocation to maintain their federal tax-exempt status.
