2025-2026 Regular Session • New York Legislature
S06263
Legislative Summary
Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
3/7/2025
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
Senate
5/12/2025
1ST REPORT CAL.981
Senate
5/13/2025
2ND REPORT CAL.
Senate
5/14/2025
ADVANCED TO THIRD READING
Senate
Status Information
Current Status
Introduced(3/7/2025)
Chamber
Senate
Sponsors
Republican: 1
Primary Sponsor
Joseph Griffo
Republican