Housing

in committee · New York · Senate Apr 29, 2025

S 1718: 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

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for low-income housing transfers, reducing tax burden on vulnerable populations per bill's explicit language.95% confidence ✓ HousingSupports HousingProvides tax exemption for low-income housing transfers, reducing costs and increasing affordability for target households.95% confidence | Rep's Stance Voted absent

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passed · New York · Senate Mar 25, 2025

S 3198: Requires the division of housing and community renewal to calculate the period of rent reduction due to diminution of services from the date of actual diminution of the services

Requires the division of housing and community renewal to calculate the period of rent reduction due to diminution of services from the date of actual diminution of the services.

Topics ✓ HousingSupports HousingRequires rent reduction calculations to align with actual service diminution, strengthening tenant protections against unjust rent charges during service disruptions.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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in committee · New York · Senate Mar 11, 2025

S 3199: Relates to requiring property owners to dedicate certain residential units to rent regulated status following demolition and new construction or substantial renovation

Requires property owners to dedicate certain residential units to rent regulated status following demolition and new construction or substantial renovation.

Topics ✓ HousingSupports HousingRequires rent-regulated units in new construction, increasing affordable housing supply and protecting tenants from market-rate rent hikes.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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signed · New York · Senate Feb 14, 2025

S 803: Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption

This bill allows any town in New York with a 2020 census population between 69,000 and 69,500 to create a homestead exemption for real property taxes. It enables qualifying towns to offer an exemption similar to the existing STAR school tax relief program, capping the exemption at $50,000 in property value. Property owners must apply annually using a standard form, and the exemption applies only to eligible homes meeting the same criteria as STAR. This directly affects homeowners in qualifying towns by potentially reducing their local property tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables homestead tax exemption capping at $50k, providing property tax relief for homeowners similar to STAR program, directly advancing tax relief for residents.95% confidence ✓ EducationSupports EducationBill authorizes homestead exemption modeled after STAR school tax relief program, directly reducing school tax burdens on homeowners to support local school funding systems.95% confidence ✓ HousingSupports HousingProvides property tax relief for homeowners, reducing housing costs and supporting affordability through a homestead exemption similar to STAR program.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

signed · New York · Assembly Jan 27, 2025

A 420: Increases the New York state housing finance agency bonding authority

This bill increases the New York State Housing Finance Agency's borrowing limit to $36.28 billion for housing-related bonds. It directly affects the agency and future housing finance programs, allowing it to issue more bonds to fund affordable housing developments, renovations, and related projects. The key provision raises the existing cap from $31 billion to $36.28 billion, expanding the agency's capacity to finance housing without changing the types of projects it supports. This is a straightforward funding authorization, not a new program or policy change.

Topics ✓ HousingSupports HousingBill increases bonding authority to $36.28B for affordable housing developments, renovations, and related projects, directly expanding funding capacity for housing finance programs.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

in committee · New York · Senate Jan 14, 2025

S 735: Increases the New York state housing finance agency bonding authority

This bill raises the New York State Housing Finance Agency's (HFA) borrowing limit for bonds from $31 billion to $36.28 billion. It directly affects the HFA by allowing it to issue more bonds for housing programs, including affordable housing, health facilities, and senior services projects. The increase applies to bonds issued for these purposes, excluding those used to refinance existing debt. This change enables the agency to expand housing financing without requiring new legislative approval for each project.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases HFA bonding authority to fund affordable housing and public services, expanding budget capacity for essential programs without new legislative approval.95% confidence ✓ HousingSupports HousingIncreases HFA bonding authority to expand affordable housing financing, directly enabling more housing programs without new legislative approval.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Housing

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