# New York S 8235: Relates to increasing the bonding authority of the New York city housing development corporation

New York S 8235, Relates to increasing the bonding authority of the New York city housing development corporation, is a 2025-2026 Regular Session Senate bill sponsored by Brian Kavanagh (Democratic); status signed, last action 2025-08-26 (SIGNED CHAP.360) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/NY-S8235-2025
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New York S 8235
- State: New York
- Session: 2025-2026 Regular Session
- Title: Relates to increasing the bonding authority of the New York city housing development corporation
- Status: signed
- Chamber: Senate
- Introduced: 2025-05-27
- Last action: 2025-08-26, SIGNED CHAP.360
- Sponsor: Brian Kavanagh (Democratic)
- Cosponsors: 0
- Subjects: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT, WAYS AND MEANS
- Touches household money: no
- Roll calls: 3 (174 yes, 50 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New York City housing borrowing expands: benefit, medium. Effective immediately, the law raises the New York City Housing Development Corporation’s outstanding bond-and-note limit from $19 billion to $20 billion. A lower limit applies when needed to keep its maximum capital reserve fund requirement at or below $85 million. Bond issues that push that requi…

## Sponsors and cosponsors

- Sponsor: Brian Kavanagh (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-06-10 | House | Assembly floor vote | pass | 101 | 45 |   |
| 2025-06-10 | Senate | FLOOR Vote | pass | 53 | 5 |   |
| 2025-06-04 | committee | Rules Committee Vote | pass | 20 | 0 |   |

## Actions (12)

- 2025-08-26: SIGNED CHAP.360 (Senate)
- 2025-08-22: DELIVERED TO GOVERNOR (Senate)
- 2025-06-10: RETURNED TO SENATE (House)
- 2025-06-10: PASSED ASSEMBLY (House)
- 2025-06-10: ORDERED TO THIRD READING RULES CAL.541 (House)
- 2025-06-10: SUBSTITUTED FOR A8663 (House)
- 2025-06-10: REFERRED TO WAYS AND MEANS (House)
- 2025-06-10: DELIVERED TO ASSEMBLY (Senate)
- 2025-06-10: PASSED SENATE (Senate)
- 2025-06-04: ORDERED TO THIRD READING CAL.1580 (Senate)
- 2025-06-04: COMMITTEE DISCHARGED AND COMMITTED TO RULES (Senate)
- 2025-05-27: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (Senate)

## Bill text

- Original, 2025-05-27: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S8235)

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## Sources
- [Original (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S8235)

## Related
- [S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer](https://policyrisk.com/state-bill/NY-S10643-2025)
- [S 9051: Prohibits artificial intelligence companions from using features which are cons…](https://policyrisk.com/state-bill/NY-S9051-2025)
- [A 5175: Requires certain security features and warning labels on baby monitors](https://policyrisk.com/state-bill/NY-A5175-2025)
- [A 11443: Relates to commercial food fish licenses](https://policyrisk.com/state-bill/NY-A11443-2025)
- [A 10343: Relates to fees and expenses in unemployment insurance proceedings; extending e…](https://policyrisk.com/state-bill/NY-A10343-2025)
- [A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose re…](https://policyrisk.com/state-bill/NY-A10052-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NY-S8235-2025 (as of 2026-10-19).