New York S 8170: Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

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S08170 Summary:

BILL NOS08170A

&nbsp

SAME ASSAME AS A10549

&nbsp

SPONSORKAVANAGH

&nbsp

COSPNSRSTAVISKY, BOTTCHER

&nbsp

MLTSPNSR

&nbsp

Amd §489, RPT L

&nbsp

Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing.

Go to top S08170 Actions:

BILL NOS08170A

&nbsp

05/16/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

05/28/20251ST REPORT CAL.1454

05/29/20252ND REPORT CAL.

06/04/2025ADVANCED TO THIRD READING 

06/11/2025PASSED SENATE

06/11/2025DELIVERED TO ASSEMBLY

06/11/2025referred to real property taxation

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

03/09/2026AMEND (T) AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

03/09/2026PRINT NUMBER 8170A

03/18/2026REPORTED AND COMMITTED TO FINANCE

Go to topS08170 Committee&nbspVotes:

Go to topS08170 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08170 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8170--A

 2025-2026 Regular Sessions

 IN SENATE

 May 16, 2025
 ___________

 Introduced by Sens. KAVANAGH, STAVISKY -- read twice and ordered print-
 ed, and when printed to be committed to the Committee on Housing,
 Construction and Community Development -- recommitted to the Committee
 on Housing, Construction and Community Development in accordance with
 Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the real property tax law, in relation to authorizing a
 tax abatement for alterations and improvements to multiple dwellings
 for purposes of preserving habitability in affordable housing

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 489 of the real property tax law is amended by
 2 adding a new subdivision 22 to read as follows:
 3 22. (a) Definitions. For the purposes of this subdivision:
 4 (1) "Affordable rent" shall mean the maximum rent within the marketing
 5 band that is allowed for an affordable rental unit as such rent is
 6 established by the local housing agency.
 7 (2) "Affordable rental unit" shall mean a dwelling unit in an eligible
 8 rental building that, as of the filing of an application for a certif-
 9 icate of eligibility and reasonable cost, has a rent at or below the
 10 affordable rent.
 11 (3) "Area median income" shall mean the income limits as defined annu-
 12 ally by the United States department of housing and urban development
 13 for the New York city area.
 14 (4) "Certificate of eligibility and reasonable cost" shall mean a
 15 document issued by the local housing agency that establishes that a
 16 property is eligible for rehabilitation program benefits and sets forth
 17 the certified reasonable cost of the eligible construction for which
 18 such benefits shall be received.
 19 (5) "Certified reasonable cost schedule" shall mean a table providing
 20 maximum dollar limits for specified alterations and improvements, estab-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13158-10-6

 S. 8170--A 2

 1 lished, and updated at least every two years, by the local housing agen-
 2 cy.
 3 (6) "Checklist" shall mean a document that the local housing agency
 4 issues requesting additional information or documentation that is neces-
 5 sary for further assessment of an application for a certificate of
 6 eligibility and reasonable cost where such application contained all
 7 information and documentation required at the initial filing.
 8 (7) "Commencement date" shall mean, with respect to eligible
 9 construction, the date on which any physical operation undertaken for
 10 the purpose of performing such eligible construction lawfully begins.
 11 (8) "Completion date" shall mean, with respect to eligible
 12 construction, the date on which:
 13 (A) every physical operation undertaken for the purpose of all eligi-
 14 ble construction has concluded; and
 15 (B) all such eligible construction has been completed to a reasonable
 16 and customary sta