New York A 6889: Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit

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A06889 Summary:

BILL NOA06889 

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SAME ASSAME AS S05002

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SPONSORBurdick

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COSPNSR

&nbsp

MLTSPNSR

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&nbsp

Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations to provide a taxpayer or entity having applied for the low-income housing tax credit and certified by the division of housing and community renewal with a notice of placement on a waiting list upon the submission of a completed application.

Go to top A06889 Actions:

BILL NOA06889 

&nbsp

03/18/2025referred to housing

01/07/2026referred to housing

Go to topA06889 Committee&nbspVotes:

Go to topA06889 Floor&nbspVotes:

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

Go to topA06889 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6889

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 18, 2025
 ___________

 Introduced by M. of A. BURDICK -- read once and referred to the Commit-
 tee on Housing

 AN ACT in relation to directing the commissioner of the New York state
 division of housing and community renewal to promulgate rules and
 regulations relating to the low-income housing tax credit

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

 1 Section 1. The commissioner of the New York state division of housing
 2 and community renewal shall promulgate rules and regulations to provide
 3 a taxpayer or entity having applied for the low-income housing tax cred-
 4 it and certified by the division of housing and community renewal with a
 5 notice of placement on a waiting list upon the submission of a completed
 6 application. Such rules and regulations shall include the provision of a
 7 date of expected credit allocation delivered to the successful appli-
 8 cants to allow for successful applicants to financially plan without the
 9 need for continuous applications provided that the submitted specifica-
 10 tions and qualifications of the application do not substantially change.
 11 The commissioner of the New York state division of housing and community
 12 renewal, in administering the provisions of the low-income housing tax
 13 credit program, shall have the authority to accept or make revisions to
 14 the waiting list.
 15 § 2. This act shall take effect on the one hundred eightieth day after
 16 it shall have become a law. Effective immediately, the addition, amend-
 17 ment and/or repeal of any rule or regulation necessary for the implemen-
 18 tation of this act on its effective date are authorized to be made and
 19 completed on or before such effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09849-01-5

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