S 1157 NY
Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home
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Summary
This bill establishes the New York state first home savings program for first-time home buyers. The legislation authorizes first-time home buyers to establish dedicated savings accounts to accumulate funds for purchasing their first home. The program provides a mechanism for aspiring homeowners to save money toward a down payment or purchase costs. The bill creates a savings program to support first-time home ownership in New York.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home.
Sponsor (1)
- Jeremy Cooney Democratic · primary
22 coauthors / cosponsors
- Joseph P. Addabbo Jr. Democratic · cosponsor
- Jake Ashby Republican · cosponsor
- April Baskin Democratic · cosponsor
- Siela Bynoe Democratic · cosponsor
- Patricia Canzoneri-Fitzpatrick Republican · cosponsor
- Leroy Comrie Democratic · cosponsor
- Patrick M. Gallivan Republican · cosponsor
- Pete Harckham Democratic · cosponsor
- Pamela Helming Republican · cosponsor
- Michelle Hinchey Democratic · cosponsor
- Robert Jackson Democratic · cosponsor
- Jack M. Martins Republican · cosponsor
- Mario Mattera Republican · cosponsor
- Rachel May Democratic · cosponsor
- Dean Murray Republican · cosponsor
- Zellnor Myrie Democratic · cosponsor
- Anthony H. Palumbo Republican · cosponsor
- Steve Rhoads Republican · cosponsor
- Robert Rolison Republican · cosponsor
- Mark Walczyk Republican · cosponsor
- Lea Webb Democratic · cosponsor
- William Weber Republican · cosponsor
Action history (16)
- Jan 8, 2025 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
- Jan 27, 2025 1ST REPORT CAL.171 · upper
- Jan 28, 2025 2ND REPORT CAL. · upper
- Feb 3, 2025 ADVANCED TO THIRD READING · upper
- Feb 4, 2025 PASSED SENATE · upper
- Feb 4, 2025 DELIVERED TO ASSEMBLY · upper
- Feb 4, 2025 REFERRED TO HOUSING · lower
- Jan 7, 2026 DIED IN ASSEMBLY · lower
- Jan 7, 2026 RETURNED TO SENATE · lower
- Jan 7, 2026 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
- Feb 10, 2026 REPORTED AND COMMITTED TO FINANCE · upper
- May 28, 2026 COMMITTEE DISCHARGED AND COMMITTED TO RULES · upper
- May 28, 2026 ORDERED TO THIRD READING CAL.1341 · upper
- Jun 1, 2026 PASSED SENATE · upper
- Jun 1, 2026 DELIVERED TO ASSEMBLY · upper
- Jun 1, 2026 REFERRED TO CODES · lower
Full text
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