New York A 7755: Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities

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A07755 Summary:

BILL NOA07755 

&nbsp

SAME ASSAME AS S06274

&nbsp

SPONSORBichotte Hermelyn

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§1111 & 1112, Priv Hous Fin L

&nbsp

Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities; defines "veteran with a service-related disability".

Go to top A07755 Actions:

BILL NOA07755 

&nbsp

04/08/2025referred to housing

01/07/2026referred to housing

Go to topA07755 Committee&nbspVotes:

Go to topA07755 Floor&nbspVotes:

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

Go to topA07755 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7755

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 8, 2025
 ___________

 Introduced by M. of A. BICHOTTE HERMELYN -- read once and referred to
 the Committee on Housing

 AN ACT to amend the private housing finance law, in relation to prefer-
 ences under the affordable home ownership development program for
 veterans with service-related disabilities

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

 1 Section 1. Section 1111 of the private housing finance law is amended
 2 by adding a new subdivision 9 to read as follows:
 3 9. "Veteran with a service-related disability" shall mean a person (i)
 4 who served in the active military, naval, or air service, or who was a
 5 recipient of the armed forces expeditionary medal, navy expeditionary
 6 medal, marine corps expeditionary medal, or global war on terrorism
 7 expeditionary medal, and who was discharged or released therefrom under
 8 honorable conditions, (ii) has been awarded a disability rating of forty
 9 percent or higher from the federal veteran's administration or from the
 10 United States department of defense, where that disability was incurred
 11 in the line of duty in the active military, naval or air service, as
 12 documented according to rules and regulations to be promulgated by the
 13 division of housing and community renewal.
 14 § 2. Paragraph (a) of subdivision 3 of section 1112 of the private
 15 housing finance law, as amended by chapter 898 of the laws of 1986, is
 16 amended to read as follows:
 17 (a) Serve the lowest income households in the applicable region and is
 18 designed to continue to be affordable to such households for a substan-
 19 tial period of time or serve households in which the home buyer is a
 20 veteran with a service-related disability.
 21 § 3. This act shall take effect on the ninetieth day after it shall
 22 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07287-01-5

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