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S 1572 NY

Enacts the "End Hedge Fund Control of New York Homes Act"

NY · session 2025-2026 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 10, 2025

Latest action (Mar 24, 2026) REPORTED AND COMMITTED TO FINANCE

Summary

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

Sponsor (1)

Action history (3)
  1. Jan 10, 2025 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS · upper
  2. Jan 7, 2026 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS · upper
  3. Mar 24, 2026 REPORTED AND COMMITTED TO FINANCE · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • S1572 · HTML
  • S1572 · PDF

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