New York · 2025 Regular Session · Bill

S 2002: Provides that upon sale of a limited-profit housing company project, reserve and surplus funds must be held in escrow and dedicated to major capital improvements

In committee Last action January 7, 2026: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Plain-language summary

S 2002 is a bill introduced in the New York Senate on January 14, 2025. According to its official title, it concerns: Provides that upon sale of a limited-profit housing company project, reserve and surplus funds must be held in escrow and dedicated to major capital improvements. Primary sponsor: Liz Krueger (Democratic/Working Families). It lists 6 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT.

Sponsors

Primary sponsor: Liz Krueger (Democratic/Working Families). 6 co-sponsors.