New York bills · 2025 Regular Session
New York A 1818
Enacts the "End Hedge Fund Control of New York Homes Act"
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Michaelle C. Solages (Democratic)
Cosponsors (3)
- Steven Raga (Democratic)
- Grace Lee (Democratic)
- Anna Kelles (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · House
REFERRED TO WAYS AND MEANS - Jan 14, 2025 · House
REFERRED TO WAYS AND MEANS