Housing (Homeownership)

in committee · New York · Senate Apr 20, 2026

S 8675: Enacts the CareForce first-time homebuyers act

Establishes the CareForce first-time homebuyers program under which certain first-time homebuyers may receive below-market mortgage financing and forgivable down payment assistance.

Topics ✓ HousingSupports HousingProvides below-market mortgages and forgivable down payment assistance for first-time homebuyers, directly increasing affordable housing access.95% confidence

Sub-Topics Affordable Housing Homeownership Housing Finance

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in committee · New York · Assembly Jan 7, 2026

A 4445: Relates to tax lien foreclosure

Relates to tax lien foreclosure; establishes senior, disabled, and veteran homeowner real property tax assistance program; establishes installment plans for certain real property taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax assistance program for seniors/disabled/veterans and installment plans, providing relief to vulnerable homeowners and promoting accessible tax payment options.95% confidence ✓ HousingSupports HousingEstablishes tax assistance program for seniors/disabled/veterans to prevent foreclosure, protecting housing stability for vulnerable homeowners.90% confidence ✓ VeteransSupports VeteransBill explicitly creates a veteran homeowner tax assistance program, directly advancing veterans' financial support through property tax relief.95% confidence

Sub-Topics Property Tax Homeownership Mortgages Property Taxes

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in committee · New York · Assembly Mar 17, 2026

A 7708: Prevents fraudulent deed transfers

This bill requires that any deed transferring ownership of a home or property in New York must include clear, bold warning language stating that signing the deed transfers ownership, along with a notarized signature from the transferor. It also invalidates any deed transfer from a homeowner to a mortgage servicer as part of a mortgage modification. Failure to include the warning or secure the required signature is classified as a class E felony. The state banking department is authorized to investigate suspected fraudulent transfers under this law.

Topics ✓ HousingSupports HousingBill prevents fraudulent deed transfers, protecting homeowners' property rights by requiring clear warnings and notarization, directly addressing a key aspect of housing policy as defined.85% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Senate Jan 7, 2026

S 4019: Exempts improvement to historic property from taxation if certified and agreed by appropriate agency

Encourages the preservation and viewing of historic properties by allowing an exemption from local real estate tax in cities of a million or more population, for improvements to historic real property and by requiring certain public access to such property; defines the term "historic real property" as a one, two or three family residence which is owner-occupied and designated by the appropriate agency as a historic landmark and such designation is maintained.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for historic property improvements, reducing local real estate tax liability for owner-occupied homes. Directly impacts taxation policy by offering tax relief.90% confidence ✓ HousingSupports HousingBill provides tax exemption for historic residential properties, protecting property rights within housing policy as defined in topic description.80% confidence

Sub-Topics Property Tax Tax Incentives Historic Preservation Homeownership Property Taxes

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in committee · New York · Senate Feb 10, 2026

S 3150: Establishes the New York state first home grant program

Establishes the New York state first home grant program; directs the commissioner of homes and community renewal, in consultation with the state comptroller, to implement such program; provides assistance on behalf of a first time home buyer qualified for such program; and for costs in connection with the acquisition, involving an eligible mortgage loan, of an eligible home, including downpayment costs, closing costs, and costs to reduce the rates of interest on eligible mortgage loans; subsidies to make shared equity homes affordable to home buyers by discounting the price for which the home will be sold and to preserve the affordability of the home for subsequent home buyers; and pre-occupancy home modifications required to accommodate qualified home buyers or members of their household with disabilities; excludes the amount of any grant to any first time home buyer awarded or any federal first time home buyer grant program from taxable income for the purpose of calculating New York adjusted gross income.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state budget funds for first-time homebuyer grants, directly funding a program under government spending with no tax implications.95% confidence ✓ HousingSupports HousingProvides direct financial assistance for down payments and closing costs for first-time homebuyers, advancing affordable housing access through state funding.95% confidence

Sub-Topics Audits & Accountability Homeownership Mortgages

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failed · New York · Assembly Jan 7, 2026

A 5487: Exempts from the mortgage recording tax mortgages executed by a veteran first time homebuyer

This bill exempts veteran first-time homebuyers from paying the mortgage recording tax in New York. It directly affects veterans who are purchasing their first home, as defined under New York's veterans' services law. The key provision adds a new exemption to the tax law, removing the tax requirement for mortgages executed by this specific group. The change applies immediately upon the bill's enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for veteran first-time homebuyers, reducing their tax burden per New York tax law, aligning with tax relief indicators.90% confidence ✓ HousingSupports HousingExempts veterans from mortgage recording tax, lowering upfront costs for first-time homebuyers and advancing affordable housing access.95% confidence ✓ VeteransSupports VeteransExempts veteran first-time homebuyers from mortgage recording tax, directly expanding financial benefits under New York's veterans' services law.95% confidence

Sub-Topics Procurement Homeownership Mortgages

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in committee · New York · Senate Apr 13, 2026

S 3737: Prevents fraudulent deed transfers

This New York state bill (S 3737) protects homeowners from being misled into signing away their property to mortgage servicers. It requires all property transfer deeds to include explicit, bold warning language stating "YOU ARE HEREBY MADE AWARE THAT BY SIGNING THIS DEED YOU ARE TRANSFERRING OWNERSHIP OF YOUR LAND OR HOME," accompanied by a notarized signature line from the homeowner. Failure to include this warning makes the transfer invalid and could result in a class E felony charge for the party involved. The bill also explicitly prohibits mortgage servicers from claiming ownership through deed transfers during mortgage modifications, and authorizes the state banking department to investigate suspected fraudulent transfers.

Topics ✓ HousingSupports HousingPrevents fraudulent property transfers, explicitly protecting homeowners' property rights by requiring clear warnings and invalidating deceptive deeds.95% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Senate Apr 20, 2026

S 852: Enacts the "homebuyer renovation property tax exemption act"

Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants $15k property tax exemption for 5 years, providing direct tax relief to homebuyers, aligning with tax relief support indicators.95% confidence ✓ HousingSupports HousingTax exemption reduces purchase cost for homebuyers, promoting homeownership affordability as a housing support measure.92% confidence

Sub-Topics Property Tax Tax Incentives Homeownership Property Taxes

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in committee · New York · Senate Jun 5, 2026

S 1452: Enacts the "fairness in cooperative homeownership act"

Enacts the "fairness in cooperative homeownership act"; regulates the submission and determinations of applications for ownership of cooperative apartments.

Topics ✓ HousingSupports HousingRegulates co-op ownership applications for fairness, advancing affordable housing access through cooperative homeownership model85% confidence

Sub-Topics Homeownership

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in committee · New York · Assembly May 20, 2026

A 9172: Enacts the "homeowner fraud protection and property alert act"

Enacts the "homeowner fraud protection and property alert act"; relates to establishing a statewide electronic property recording alert system to allow property owners to receive notification when an instrument affecting their property is recorded in the official records of any county; establishes the county recording modernization fund.

Topics ✓ HousingSupports HousingBill protects property rights (a housing topic component) by preventing homeowner fraud through electronic property alerts and recording safeguards.85% confidence

Sub-Topics Homeownership

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