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Assembly Bill A1483

2025-2026 Legislative Session

Requires five percent of affordable housing units to be offered to veterans

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2025-A1483 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Add §602-a, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2021-2022: A10255
2023-2024: A5525

2025-A1483 (ACTIVE) - Summary

Requires five percent of affordable housing units to be offered to veterans.

2025-A1483 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1483
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 10, 2025
                                ___________
 
 Introduced by M. of A. K. BROWN -- read once and referred to the Commit-
   tee on Housing
 
 AN  ACT to amend the private housing finance law, in relation to requir-
   ing five percent of affordable housing units to be offered to veterans
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The private housing finance law is amended by adding a new
 section 602-a to read as follows:
   § 602-A.   HOUSING FOR  VETERANS.  ALL  COMPANIES,  CORPORATIONS,  AND
 PROGRAMS  SUBJECT  TO  THE  PROVISIONS OF THIS CHAPTER SHALL OFFER, AT A
 MINIMUM, FIVE PERCENT OF AFFORDABLE HOUSING UNITS BUILT BY  SUCH  COMPA-
 NIES  CORPORATIONS  AND  PROGRAMS  TO  VETERANS, AS SUCH TERM IS DEFINED
 PURSUANT TO SECTION EIGHTY-FIVE OF THE CIVIL SERVICE LAW.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03068-01-5

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