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New YorkA 85892025-2026 Regular SessionHouseWALLET

Increases the amount of funds that may be used per dwelling unit to modernize certain authorities used by the housing trust fund corporation

Sponsored By: Larinda Hooks (Democratic)

Signed by Governor

HOUSINGWAYS AND MEANSRULES

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Higher funding limit for low-income housing

Effective immediately upon enactment, the law doubles New York Housing Trust Fund Corporation aid limits from $125,000 to $250,000 per home. Payments, grants, and loans support eligible applicants providing housing for people with low incomes. Funds can cover buying, building, repairing, or converting properties into housing. The corporation may approve more per home after considering local construction costs, project location, and effects on residents’ housing affordability. The higher limit does not guarantee lower rents or other housing costs.

Sponsors & Cosponsors

Sponsor

  • Larinda Hooks

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 201 • No: 1

Senate vote • 6/10/2025

FLOOR Vote

Yes: 57 • No: 1

House vote • 6/4/2025

Assembly floor vote

Yes: 144 • No: 0

Actions Timeline

  1. SIGNED CHAP.462

    10/16/2025House

  2. DELIVERED TO GOVERNOR

    10/9/2025House

  3. RETURNED TO ASSEMBLY

    6/10/2025Senate

  4. PASSED SENATE

    6/10/2025Senate

  5. 3RD READING CAL.1780

    6/10/2025Senate

  6. SUBSTITUTED FOR S8178

    6/10/2025Senate

  7. REFERRED TO RULES

    6/4/2025Senate

  8. DELIVERED TO SENATE

    6/4/2025House

  9. PASSED ASSEMBLY

    6/4/2025House

  10. ORDERED TO THIRD READING RULES CAL.408

    6/4/2025House

  11. RULES REPORT CAL.408

    6/4/2025House

  12. REPORTED

    6/4/2025House

  13. REPORTED REFERRED TO RULES

    5/29/2025House

  14. REPORTED REFERRED TO WAYS AND MEANS

    5/28/2025House

  15. REFERRED TO HOUSING

    5/21/2025House

Bill Text

  • Original

    5/21/2025

    PDF

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