New York · 2025 Regular Session · Bill

S 4416: Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing

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

Plain-language summary

S 4416 is a bill introduced in the New York Senate on February 4, 2025. According to its official title, it concerns: Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing. Primary sponsor: Rachel May (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT.

Sponsors

Primary sponsor: Rachel May (Democratic/Working Families).