New York S 10446: Relates to the powers of the New York state housing finance agency

Bill Text

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S10446 Summary:

BILL NOS10446 

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SAME ASNo Same As

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SPONSORKAVANAGH

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COSPNSR

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MLTSPNSR

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Amd §6, Chap 514 of 1983; amd §7, Chap 396 of 1984; amd §16, Chap 915 of 1982; amd §2407, Pub Auth L; amd
§19, Chap 555 of 1989; amd §2, Chap 172 of 2002; amd §4, Chap 208 of 2010; amd §5, Chap 246 of 2010

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Makes certain powers of the New York state housing finance agency permanent.

Go to top S10446 Actions:

BILL NOS10446 

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05/15/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

06/04/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2026ORDERED TO THIRD READING CAL.1768

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/04/2026referred to housing

Go to topS10446 Committee&nbspVotes:

Go to topS10446 Floor&nbspVotes:

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

Go to topS10446 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10446

 IN SENATE

 May 15, 2026
 ___________

 Introduced by Sen. KAVANAGH -- (at request of the New York State Homes
 and Community Renewal) -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend chapter 514 of the laws of 1983 amending the private
 housing finance law and the real property tax law relating to the
 powers of the New York state housing finance agency and the New York
 city housing development corporation to finance certain multi-family
 housing, in relation to the effectiveness thereof; to amend chapter
 396 of the laws of 1984 amending the private housing finance law and
 the real property tax law relating to the powers of the New York state
 housing finance agency to finance certain multi-family housing, in
 relation to the effectiveness thereof; to amend chapter 915 of the
 laws of 1982 amending the public authorities law relating to the
 powers of the state of New York mortgage agency, in relation to the
 effectiveness thereof; to amend the public authorities law, in
 relation to the powers of the state of New York mortgage agency; to
 amend chapter 555 of the laws of 1989 amending the public authorities
 law and other laws relating to establishing a New York state infras-
 tructure trust fund, in relation to the effectiveness thereof; to
 amend chapter 172 of the laws of 2002, amending the public authorities
 law relating to the powers of the state of New York mortgage agency,
 in relation to the effectiveness thereof; to amend chapter 208 of the
 laws of 2010 amending the public authorities law relating to the
 powers of the state of New York mortgage agency, in relation to the
 effectiveness thereof; and to amend chapter 246 of the laws of 2010
 amending the public authorities law relating to the powers of the
 state of New York mortgage agency, in relation to the effectiveness
 thereof

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

 1 Section 1. Section 6 of chapter 514 of the laws of 1983, amending the
 2 private housing finance law and the real property tax law relating to
 3 the powers of the New York state housing finance agency and the New York

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15014-01-6

 S. 10446 2

 1 city housing development corporation to finance certain multi-family
 2 housing, as amended by chapter 170 of the laws of 2025, is amended to
 3 read as follows:
 4 § 6. This act shall take effect immediately [and shall remain in full
 5 force and effect until July 23, 2027 at which time it shall be
 6 repealed].
 7 § 2. Section 7 of chapter 396 of the laws of 1984, amending the
 8 private housing finance law and the real property tax law relating to
 9 the powers of the New York state housing finance agency to finance
 10 certain multi-family housing, as amended by chapter 170 of the laws of
 11 2025, is amended to read as follows:
 12 § 7. This act shall take effect immediately[, except that sections
 13 one, three, four, five and six of this act shall remain in full force
 14 and effect until July 23, 2027 at which time such sections shall be
 15 repealed].
 16 § 3. Section 16 of chapter 915 of the laws