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NY S08672

NY S08672
Creates an employer-assisted housing match grant program under which certain nonprofit employees may be eligible for a state match for certain employer-provided funds for housing costs.


summary

Introduced
01/07/2026
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the private housing finance law, in relation to enacting the "employer-assisted housing matching grant act"

AI Summary

This bill, known as the "employer-assisted housing matching grant act," establishes a program to help certain nonprofit employees afford housing by providing a state match for employer-provided housing assistance. An "eligible employee" is defined as someone working at least 20 hours per week in a care workforce position (like direct support professionals or nurses) for an "eligible employer," which is a nonprofit agency funded or contracted by state offices overseeing services for people with developmental disabilities, mental health, or addiction. These employees must also have a household income not exceeding 150% of the area median income and reside in New York. The "employer contribution" refers to cash assistance for housing costs, not in-kind benefits. The program, administered by the division of housing and community renewal, will match 50% of the employer's contribution, up to $3,000 per employee annually, for uses such as security deposits, first month's rent, emergency rent arrears, or down payments for a primary residence. The state will disburse funds to the employer upon proof of payment, and eligible employees can receive assistance over multiple years as long as they stay within the annual cap. The bill also outlines administrative procedures, reporting requirements, and ensures that participation in this program does not prevent employees from receiving other housing assistance.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/07/2026)

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