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New York · 2025 Regular Session · Bill

A 1111: Establishes a reverse mortgage loan program for seniors and requires counseling

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

A 1111 is a bill introduced in the New York House on January 9, 2025. According to its official title, it concerns: Establishes a reverse mortgage loan program for seniors and requires counseling. Primary sponsor: Jo Anne Simon (Democratic). It lists 3 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO HOUSING.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Establishes a reverse loan mortgage loan program for seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counseling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

Sponsors

Sponsors by party (alphabetical): Democratic 3 · Republican/Conservative 1

NameRolePartyChamberDistrict
Jo Anne SimonPrimary sponsorDemocraticHouse52
William ColtonCo-sponsorDemocraticHouse47
Joe DeStefanoCo-sponsorRepublican/ConservativeHouse3
Jaime WilliamsCo-sponsorDemocraticHouse59

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO HOUSING
  2. REFERRED TO HOUSING

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source