Bill Title: Relates to the purchase of community land mortgages; defines a community land mortgage as a mortgage that is secured by a first lien on a leasehold estate in real property that is improved by a residential structure wherein title to the real property is retained by a not-for-profit housing company or housing development fund company; authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state; ensures not-for-profit housing remains as affordable housing.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2022-01-05 - referred to housing [A05597 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2021-02-22	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York A05597

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York A05597 currently on file.

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