States / New York / Bills / Housing and Community Development
NY A07488

Authorizes the state of New York mortgage agency to purchase rehabilitation mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages or available for such loans at carrying charges within the financial means of persons and families of low and moderate income.

Introduced House Michael Novakhov (R)
Plain English Summary

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At a Glance

NY A07488 is a house bill in the New York 2025-2026 General Assembly, sponsored by Michael Novakhov (R), currently “Introduced” since March 28, 2025.

We track 14,823 New York bills this session, 23 of them sponsored by Michael Novakhov.

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About This Analysis

This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the New York State Legislature. Conflict-of-interest analysis for this bill is coming soon.

Frequently Asked Questions
What is the status of NY A07488?

NY A07488 is currently “Introduced” in the New York legislature.

Who sponsored NY A07488?

Michael Novakhov (R) sponsored NY A07488.

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