NY State Senate Bill 2025-S6274

Senate Bill S6274

2025-2026 Legislative Session

Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities

download bill text pdf

Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 07, 2025	referred to housing, construction and community development

2025-S6274 (ACTIVE) - Details

Current Committee:: Senate Housing, Construction And Community Development
Law Section:: Private Housing Finance Law
Laws Affected:: Amd §§1111 & 1112, Priv Hous Fin L
Versions Introduced in 2023-2024 Legislative Session:: S6525

2025-S6274 (ACTIVE) - Summary

Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities; defines "veteran with a service-related disability".

2025-S6274 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S6274

SPONSOR: SCARCELLA-SPANTON
 
TITLE OF BILL:

An act to amend the private housing finance law, in relation to prefer-
ences under the affordable home ownership development program for veter-
ans with service-related disabilities

 
PURPOSE OF BILL:

To include veterans with service-related disabilities among those who
receive preferences in the Affordable Home Ownership Development
Program.

 
SUMMARY OF PROVISIONS:

Section one of the bill amends section 1111 of the private housing
finance law, which provides definitions for the Affordable Homeownership
Development Program by adding a new subdivision defining a "veteran with
a service-related disability" as a person who was (a) active in military
service, or a recipient of an expeditionary medal for military service;

(b) honorably discharge or released from duties; and (c) awarded a disa-
bility rating of forty percent or higher from the federal veteran's
administration or Department of Defense from a disability incurred in
the line of active duty.

Section two of the bill amends section 1112 of the private housing
finance law to include households in which the home buyer is a veteran
with a service-related disability among those that the Affordable Hous-
ing Corporation shall give a preference in determining awards.

Section three of the bill sets forth the effective date. JUSTIFICATION:
Veterans who served their country honorably and incurred a disability in
the line of duty deserve our utmost respect. It is only fitting that we
help ensure that they have access to affordable homeownership through
this program.

 
LEGISLATIVE HISTORY:

2024; Held in Assembly Housing Committee.

 
FISCAL IMPLICATIONS:

Minimal.

 
EFFECTIVE DATE:
This bill shall take effect on the ninetieth day after it shall have
become a law.

2025-S6274 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6274
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 7, 2025
                                ___________
 
 Introduced  by Sen. SCARCELLA-SPANTON -- read twice and ordered printed,
   and when  printed  to  be  committed  to  the  Committee  on  Housing,
   Construction and Community Development
 
 AN  ACT to amend the private housing finance law, in relation to prefer-
   ences under the affordable  home  ownership  development  program  for
   veterans with service-related disabilities
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1111 of the private housing finance law is  amended
 by adding a new subdivision 9 to read as follows:
   9. "VETERAN WITH A SERVICE-RELATED DISABILITY" SHALL MEAN A PERSON (I)
 WHO  SERVED  IN THE ACTIVE MILITARY, NAVAL, OR AIR SERVICE, OR WHO WAS A
 RECIPIENT OF THE ARMED FORCES EXPEDITIONARY  MEDAL,  NAVY  EXPEDITIONARY
 MEDAL,  MARINE  CORPS  EXPEDITIONARY  MEDAL,  OR GLOBAL WAR ON TERRORISM
 EXPEDITIONARY MEDAL, AND WHO WAS DISCHARGED OR RELEASED THEREFROM  UNDER
 HONORABLE CONDITIONS, (II) HAS BEEN AWARDED A DISABILITY RATING OF FORTY
 PERCENT  OR HIGHER FROM THE FEDERAL VETERAN'S ADMINISTRATION OR FROM THE
 UNITED STATES DEPARTMENT OF DEFENSE, WHERE THAT DISABILITY WAS  INCURRED
 IN  THE  LINE  OF  DUTY IN THE ACTIVE MILITARY, NAVAL OR AIR SERVICE, AS
 DOCUMENTED ACCORDING TO RULES AND REGULATIONS TO BE PROMULGATED  BY  THE
 DIVISION OF HOUSING AND COMMUNITY RENEWAL.
   §  2.  Paragraph  (a)  of subdivision 3 of section 1112 of the private
 housing finance law, as amended by chapter 898 of the laws of  1986,  is
 amended to read as follows:
   (a) Serve the lowest income households in the applicable region and is
 designed  to continue to be affordable to such households for a substan-
 tial period of time OR SERVE HOUSEHOLDS IN WHICH THE  HOME  BUYER  IS  A
 VETERAN WITH A SERVICE-RELATED DISABILITY.
   §  3.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07287-01-5

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