Bill > A07433

This bill amends the private housing finance law to provide preferences in affordable home ownership development programs for service-related disabled veterans. Specifically, the bill modifies existing language to allow housing developments to serve households where the home buyer is a service-related disabled veteran, and provides a detailed definition of such veterans. To qualify, a veteran must have served in active military, naval, or air service and been discharged under honorable conditions, and must have been awarded a disability rating of 40% or higher from the federal Veterans Administration or Department of Defense for a disability incurred during active service. The disability must be documented according to regulations to be established by the division overseeing the program. This change aims to provide additional housing opportunities and support for veterans who have been disabled during their military service, recognizing their sacrifices and helping to address their housing needs.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A7433