A7488 (2025-26 session)
NY State bill
Authorizes the state of New York mortgage agency to purchase rehabilitation mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages or available for such loans at carrying charges within the financial means of persons and families of low and moderate income.
- Title
- Authorizes the purchase of rehabilitation mortgages by the state of New York mortgage agency
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Housing
- Introduced
- 2025-03-28
- Law section
- Public Authorities Law
Sponsors
- Michael Novakhov Assembly Member, District 45
Co-sponsors
- Alec Brook-Krasny Assembly Member, District 46
Heard in committee
- Housing NY State Assembly committee