Bill > S00735

This bill increases the bonding authority of the New York State Housing Finance Agency from $31.28 billion to $36.28 billion, which means the agency will be authorized to issue up to $36.28 billion in bonds and notes for various housing and infrastructure projects. The increased bonding authority will apply to different types of bonds, including state university construction bonds, hospital and nursing home project bonds, health facilities bonds, youth facilities project bonds, community mental health services and developmental disabilities services project bonds, community senior citizens services project bonds, and mental hygiene improvement bonds. The additional bonding capacity will allow the agency to support more infrastructure and housing initiatives across New York state. The bill specifically amends paragraph (c) of subdivision 1 of section 47 of the private housing finance law, and the change will take effect immediately upon enactment. By increasing the agency's bonding limit, the bill provides more financial flexibility for addressing housing and infrastructure needs in New York.

https://www.nysenate.gov/legislation/bills/2025/S735