Bill Sponsors: NY A01818 | 2025-2026 | General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2025-01-14 - referred to ways and means [A01818 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Assemblymember Michaelle Solages [D]PrimarySponsored BillsHD-022FollowTheMoneyBallotpediaVoteSmart
Assemblymember Steven Raga [D]CosponsorSponsored BillsHD-030FollowTheMoneyBallotpediaN/A

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