A11422 (2025-26 session)
NY State bill
Establishes the senior homeowner foreclosure and rehabilitation revolving loan program to permit the New York state mortgage agency to make low-interest loans, deferred payment loans, or forgivable loans, or a combination thereof, to eligible senior homeowners for eligible assistance; directs SONYMA to prioritize senior homeowners at imminent risk of foreclosure; properties with essential systems in need of immediate repair or replacement, including heating and boilers; and senior homeowners with documented financial hardship that limits their ability to maintain the property or make mortgage payments.
- Title
- Establishes the senior homeowner foreclosure and rehabilitation revolving loan program
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-05-15
- In committee
- Corporations, Authorities And Commissions
- Introduced
- 2026-05-15
- Same as
- S9120
- Law section
- Public Authorities Law
Sponsors
- Larinda C. Hooks Assembly Member, District 35
Heard in committee
- Corporations, Authorities and Commissions NY State Assembly committee
Same as
- S9120 (2025-26 session) NY State bill