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S 6263 NY
Passed One Chamber

Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

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 Mar 7, 2025

Latest action (Jun 3, 2026) REFERRED TO HOUSING

Summary

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.

Sponsor (1)

Action history (12)
  1. Mar 7, 2025 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
  2. May 12, 2025 1ST REPORT CAL.981 · upper
  3. May 13, 2025 2ND REPORT CAL. · upper
  4. May 14, 2025 ADVANCED TO THIRD READING · upper
  5. Jun 13, 2025 COMMITTED TO RULES · upper
  6. Jan 7, 2026 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
  7. May 4, 2026 1ST REPORT CAL.890 · upper
  8. May 5, 2026 2ND REPORT CAL. · upper
  9. May 6, 2026 ADVANCED TO THIRD READING · upper
  10. Jun 3, 2026 PASSED SENATE · upper
  11. Jun 3, 2026 DELIVERED TO ASSEMBLY · upper
  12. Jun 3, 2026 REFERRED TO HOUSING · lower

Full text

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