Housing (Mortgages)

in committee · New York · Assembly Jan 7, 2026

A 4336: Establishes the New York student loan assistance and home purchase act

Establishes the "New York student loan assistance and home purchase act", for the purposes of facilitating the purchase of homes by individuals who are burdened by student debt, by providing financing opportunities for the consolidation of student debt into a mortgage.

Topics ✓ HousingSupports HousingConsolidates student debt into mortgages, reducing barriers to homeownership for debt-burdened individuals, directly advancing affordable housing access.90% confidence

Sub-Topics Homeownership Mortgages

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in committee · New York · Senate Jan 7, 2026

S 4236: Relates to protecting the rights of Mitchell-Lama residents

S 4236 creates an independent office to handle tenant complaints about Mitchell-Lama housing issues, including harassment, unfair rent increases, poor maintenance, and lack of transparency in building conversions. It requires owners to provide verified financial records for building refinancing or conversions and mandates state comptroller approval for all rent increases based on documented financial reviews. The bill also guarantees legal support for tenants in housing court and directs courts to assign judges experienced with Mitchell-Lama regulations. These changes directly protect current and converted Mitchell-Lama residents from financial and operational abuses by landlords or management.

Topics ✓ HousingSupports HousingBill creates tenant complaint office, mandates financial transparency for owners, requires comptroller approval for rent hikes, and guarantees legal support - all strengthening tenant protections in affordable Mitchell-Lama housing.95% confidence

Sub-Topics Mortgages Renters Tenant Rights

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in committee · New York · Assembly Jan 7, 2026

A 7445: Relates to community land mortgages and authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state

Relates to the purchase of community land mortgages; defines a community land mortgage as a mortgage that is secured by a first lien on a leasehold estate in real property that is improved by a residential structure wherein title to the real property is retained by a not-for-profit housing company or housing development fund company; authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state; ensures not-for-profit housing remains as affordable housing.

Topics ✓ HousingSupports HousingBill authorizes NY mortgage agency to purchase community land mortgages, ensuring not-for-profit housing remains affordable per summary. Directly advances affordable housing access through financial mechanism.92% confidence

Sub-Topics Affordable Housing Housing Finance Mortgages

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in committee · New York · Assembly Jan 7, 2026

A 2338: Creates a veteran's home and land ownership loan program

Creates a veteran's home and land ownership loan program to provide loans to veterans to purchase homes or unimproved land suitable for building; requires such loans to be secured by a second mortgage.

Topics ✓ HousingSupports HousingCreates a veteran-specific housing loan program for home/land ownership, providing direct funding for housing development and property ownership, aligning with housing program support indicators.90% confidence ✓ VeteransSupports VeteransCreates new loan program for veteran home/land ownership, expanding housing benefits and financial support for veterans.95% confidence

Sub-Topics Homeownership Mortgages Veteran Housing

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in committee · New York · Assembly Jan 7, 2026

A 7706: Grants tax credit for downpayment made on residential housing

Grants credit against personal income tax to purchasers of residential housing in the amount of any downpayment made on such housing; provides that the maximum credit shall not exceed 5 percent of the purchase price of the residential housing; requires taxpayers to meet eligibility requirements imposed by the state of New York mortgage agency.

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants tax credit reducing personal income tax burden for homebuyers, aligning with tax relief for middle-income households through downpayment assistance.90% confidence ✓ HousingSupports HousingBill provides tax credit for downpayment on residential housing, reducing upfront costs and increasing affordability for homebuyers, directly supporting affordable housing access.90% confidence

Sub-Topics Income Tax Tax Credits Homeownership Housing Finance Mortgages

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in committee · New York · Assembly Jan 7, 2026

A 6777: Relates to establishing a housing part of the city court for the city of Yonkers

Establishes a housing part for city court of Yonkers to have jurisdiction of such actions and proceedings; including but not limited to enforcement and foreclosure of liens, injunctions and restraining orders for the enforcement of housing standards and special proceedings to vest title in the city of Yonkers to abandoned multiple dwellings; makes various other provisions.

Topics ✓ HousingSupports HousingEstablishes court for housing enforcement, including standards and abandoned properties, supporting tenant protections and housing quality through judicial oversight.75% confidence

Sub-Topics Mortgages

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vetoed · New York · Assembly Oct 17, 2025

A 174: Prohibits rent minimums in mortgages

This bill would prevent mortgage lenders from penalizing borrowers who don't set high enough rental rates on properties covered by their mortgages. It voids any mortgage clause requiring minimum rents or punishing low rents, applying to all mortgages regardless of when they were created, renewed, or modified. The law directly affects property owners with mortgages who might face fees or default penalties for not meeting arbitrary rent minimums. This policy change ensures lenders cannot enforce such clauses as against public policy.

Topics ✓ HousingSupports HousingPrevents lenders from penalizing low rents, allowing property owners to set affordable rates without mortgage penalties, directly increasing housing affordability.90% confidence

Sub-Topics Landlords Mortgages Tenant Rights

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in committee · New York · Senate Jun 2, 2026

S 8267: 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.

Topics ✓ 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

Sub-Topics State Budget Affordable Housing Mortgages Renters

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in committee · New York · Senate Apr 16, 2025

S 7436: Relates to the provision of legal representation to certain persons in eviction, ejectment and foreclosure proceedings

Requires counties and/or cities to establish a plan for providing legal counsel to persons who are defendants or respondents in eviction, ejectment and foreclosure proceedings and who are financially unable to obtain counsel; defines eligible person as one whose gross individual income is not in excess of one hundred twenty-five percent of the federal income official poverty line; requires the state to match dollar for dollar the amount counties appropriate for their plans.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires state to match county funding for legal aid, advancing public service funding through mandatory budget allocation.95% confidence ✓ HousingSupports HousingProvides legal counsel for low-income tenants in eviction/foreclosure, directly protecting tenant rights and preventing unjust displacement.95% confidence

Sub-Topics Mortgages Tenant Rights

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in committee · New York · Assembly Jan 7, 2026

A 4089: Establishes the first-time homebuyer assistance program within the state of New York mortgage agency

Establishes the first-time homebuyer assistance program within the state of New York mortgage agency to provide assistance to first-time homebuyers of certain residential units.

Topics ✓ HousingSupports HousingEstablishes state-funded program to assist first-time homebuyers, directly advancing affordable housing access through financial support for residential purchases.95% confidence

Sub-Topics Homeownership Housing Finance Mortgages

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