Bill Commons

NY A 787

in committee

Establishes the New York state first home grant program

New York · 2025-2026 Regular Session · lower

Description

Establishes the New York state first home grant program; directs the commissioner of homes and community renewal, in consultation with the state comptroller, to implement such program; provides assistance on behalf of a first time home buyer qualified for such program; and for costs in connection with the acquisition, involving an eligible mortgage loan, of an eligible home, including downpayment costs, closing costs, and costs to reduce the rates of interest on eligible mortgage loans; subsidies to make shared equity homes affordable to home buyers by discounting the price for which the home will be sold and to preserve the affordability of the home for subsequent home buyers; and pre-occupancy home modifications required to accommodate qualified home buyers or members of their household with disabilities; excludes the amount of any grant to any first time home buyer awarded or any federal first time home buyer grant program from taxable income for the purpose of calculating New York adjusted gross income.

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

  • Michaelle C. Solagesprimary
  • Noah Burroughscosponsor
  • Judy Griffincosponsor
  • Angelo Santabarbaracosponsor
  • Matthew Simpsoncosponsor
  • Rebecca Kassaycosponsor

Committees

Not provided by source.

Action timeline

  1. 2025-01-08

    REFERRED TO HOUSING

    referral-committee

  2. 2026-01-07

    REFERRED TO HOUSING

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/A787?summary=&detail=

Attribution

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

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