Bill Commons

NY S 1572

in committee

Enacts the "End Hedge Fund Control of New York Homes Act"

New York · 2025-2026 Regular Session · upper

Description

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

Introduced
—
Status date
—
Latest action
2026-03-24 — REPORTED AND COMMITTED TO FINANCE
Bill type
bill
Last updated
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Sponsors

  • Liz Kruegerprimary

Committees

Not provided by source.

Action timeline

  1. 2025-01-10

    REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

    referral-committee

  2. 2026-01-07

    REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

    referral-committee

  3. 2026-03-24

    REPORTED AND COMMITTED TO FINANCE

    referral-committee

Versions

Documents

Votes

  • Investigations And Government Operations Vote

    2026-03-24 · pass · 5-2

    Member-level votes (7)
    • Erik Bottcher: yes
    • Siela Bynoe: yes
    • Cordell Cleare: yes
    • Rachel May: yes
    • James Skoufis: yes
    • Stephen T. Chan: no
    • Thomas F. O'Mara: no

Related bills

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S1572?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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