New York A 7433: Preferences under the affordable home ownership development program for service related disabled veterans

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A07433 Summary:

BILL NOA07433 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORHawley

&nbsp

COSPNSRMcDonough, DeStefano

&nbsp

MLTSPNSR

&nbsp

Amd §1112, Priv Hous Fin L

&nbsp

Provides for preferences under the affordable home ownership development program for service related disabled veterans.

Go to top A07433 Actions:

BILL NOA07433 

&nbsp

03/27/2025referred to housing

01/07/2026referred to housing

Go to topA07433 Committee&nbspVotes:

Go to topA07433 Floor&nbspVotes:

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

Go to topA07433 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7433

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 27, 2025
 ___________

 Introduced by M. of A. HAWLEY -- 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
 service related disabled veterans

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

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

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02547-01-5

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