Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-09-16 - REFERRED TO RULES [S09913 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2024-09-16	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York S09913

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York S09913 currently on file.

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