Bill > A01625

This bill establishes a Homeowner Protection Program administered by the New York State Department of Law to provide free housing counseling and legal services to homeowners facing threats to their property ownership. The program will offer comprehensive support through grants to non-profit housing counseling and legal services organizations, with services including assistance with loan modifications, loss mitigation, property tax and utility debt resolution, representation in foreclosure litigation, protection against property scams, and addressing predatory lending practices. Key provisions mandate that the department create grant selection criteria, provide one-year grants to organizations serving homeowners at risk of losing their homes, ensure services are available in every county, and provide training and technical support to participating organizations. Recipients of these grants will be required to submit detailed reports to the Attorney General within 60 days of each grant period, accounting for funds received and services provided. The program aims to preserve homeownership, particularly in communities of color, and protect homeowners from various financial and legal threats that could result in property loss.

Budget and Finance, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A1625