New York S 10478: Includes positive rental payment information reporting in the New York state low income housing tax credit program; requires landlords to offer tenants the option of positive rental payment information reporting

Bill Text

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S10478 Summary:

BILL NOS10478 

&nbsp

SAME ASSAME AS A10287

&nbsp

SPONSORCLEARE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §25, Pub Hous L; add §238-b, RP L

&nbsp

Includes positive rental payment information reporting as a preference in the evaluation of project applications in the New York state low income housing tax credit program; requires landlords to offer tenants the option of positive rental payment information reporting; creates notice requirements for the election of positive rental payment information reporting.

Go to top S10478 Actions:

BILL NOS10478 

&nbsp

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

Go to topS10478 Committee&nbspVotes:

Go to topS10478 Floor&nbspVotes:

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

Go to topS10478 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10478

 IN SENATE

 May 15, 2026
 ___________

 Introduced by Sen. CLEARE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the public housing law and the real property law, in
 relation to including positive rent reporting in the New York state
 low income housing tax credit program and requiring landlords to offer
 tenants the option of positive rental payment information reporting

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

 1 Section 1. Subdivision 1 of section 25 of the public housing law, as
 2 added by section 1 of part CC of chapter 63 of the laws of 2000, is
 3 amended to read as follows:
 4 1. The commissioner shall promulgate rules and regulations necessary
 5 to administer the provisions of this act. To the extent that such rules
 6 and regulations establish project scoring and ranking criteria, such
 7 scoring and ranking criteria shall include the use of positive rental
 8 payment information reporting, in accordance with section two hundred
 9 thirty-eight-b of the real property law, as a preference under community
 10 impact/revitalization in the evaluation of project applications.
 11 § 2. The real property law is amended by adding a new section 238-b to
 12 read as follows:
 13 § 238-b. Positive rental payment information reporting. 1. Any land-
 14 lord that receives a low income housing tax credit for one or more low-
 15 income buildings pursuant to article two-a of the public housing law and
 16 offers a tenant or tenants obligated on the lease of each unit the
 17 option of having such tenant's positive rental payment information
 18 reported to at least one nationwide consumer reporting agency shall
 19 first obtain the authorization of the tenant or tenants. A national
 20 consumer reporting agency shall include an agency that meets the defi-
 21 nition in 15 U.S.C. section 1681a(p) or any other consumer reporting
 22 agency that meets the definition in 15 U.S.C. section 1681a(f), so long
 23 as the consumer reporting agency resells or otherwise furnishes rental
 24 payment information to a nationwide consumer reporting agency that meets
 25 the definition in 15 U.S.C. section 1681a(p). A tenant's election to

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14779-05-6

 S. 10478 2

 1 have positive rental payment information reported under this subdivision
 2 shall be in writing, as described in subdivision three of this section.
 3 2. Notice of positive rental payment information reporting shall be
 4 made at the time of the lease agreement and at least once annually ther-
 5 eafter and for any renewal of such lease.
 6 3. The notice of positive rental payment information reporting shall
 7 include a written election of such reporting that contains:
 8 (a) a statement that reporting of the tenant's positive rental payment
 9 information is optional;
 10 (b) identification of each consumer reporting agency to which positive
 11 rental payment information will be reported;
 12 (c) a statement describing which positive rental payment information
 13 will be reported;
 14 (d) a statement that each consumer reporting agency permits the
 15 reporting of payments made over the previous twenty-four-month period
 16 and th