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Bill > S09948


NY S09948

NY S09948
Increases the New York state housing finance agency bonding authority to $36,280,000,000.


summary

Introduced
11/15/2024
In Committee
11/15/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the private housing finance law, in relation to increasing the New York state housing finance agency bonding authority

AI Summary

This bill amends the Private Housing Finance Law to increase the New York State Housing Finance Agency's bonding authority from $31 billion to $36.28 billion, excluding bonds and notes issued to refund outstanding bonds and notes. The bill aims to expand the agency's ability to issue bonds and notes for various housing and community development projects, such as state university construction, hospitals and nursing homes, health facilities, youth facilities, community mental health services, and community senior citizens services.

Sponsors (1)

Last Action

REFERRED TO RULES (on 11/15/2024)

Taxonomy

Community Development and Housing Issues
  • ‐ Housing and Real Estate Finance

bill text


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