Bill Commons

NY A 7488

in committee

Authorizes the purchase of rehabilitation mortgages by the state of New York mortgage agency

New York · 2025-2026 Regular Session · lower

Quick answers

Did NY A 7488 pass?

Not yet. NY A 7488 is in committee as of 2026-01-07 and has not come to a final vote. Latest recorded action (2026-01-07): REFERRED TO HOUSING

What is NY A 7488 about?

Authorizes the state of New York mortgage agency to purchase rehabilitation mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages or available for such loans at carrying charges within the financial means of persons and families of low and moderate income.

Who sponsors NY A 7488?

Michael Novakhov is the primary sponsor of NY A 7488, joined by 5 cosponsors.

Description

Authorizes the state of New York mortgage agency to purchase rehabilitation mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages or available for such loans at carrying charges within the financial means of persons and families of low and moderate income.

Introduced
—
Latest action
2026-01-07 — REFERRED TO HOUSING
Bill type
bill
Last updated
—

Sponsors

  • Michael Novakhovprimary
  • Alec Brook-Krasnycosponsor
  • Daniel Norbercosponsor
  • Kenneth Blankenbushcosponsor
  • John K. Mikulincosponsor
  • Chris Taguecosponsor

Committees

Not provided by source.

Action timeline

  1. 2025-03-28

    REFERRED TO HOUSING

    referral-committee

  2. 2026-01-07

    REFERRED TO HOUSING

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

  • Prior session: A 3291not in this corpus
  • Prior session: A 3317not in this corpus
  • Prior session: A 2512not in this corpus
  • Prior session: A 4366not in this corpus
  • Prior session: A 4027not in this corpus
  • Prior session: A 3832not in this corpus
  • Prior session: A 6165not in this corpus
  • Prior session: A 5614not in this corpus
  • Prior session: A 4678not in this corpus

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/A7488?summary=&detail=

Attribution

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

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=NY&identifier=A 7488. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.