New York · 2025 Regular Session · Bill
A 11422: Establishes the senior homeowner foreclosure and rehabilitation revolving loan program
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
A 11422 is a bill introduced in the New York House on May 15, 2026. According to its official title, it concerns: Establishes the senior homeowner foreclosure and rehabilitation revolving loan program. Primary sponsor: Rules Committee. Most recent recorded action (May 15, 2026): REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS.
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 the senior homeowner foreclosure and rehabilitation revolving loan program to permit the New York state mortgage agency to make low-interest loans, deferred payment loans, or forgivable loans, or a combination thereof, to eligible senior homeowners for eligible assistance; directs SONYMA to prioritize senior homeowners at imminent risk of foreclosure; properties with essential systems in need of immediate repair or replacement, including heating and boilers; and senior homeowners with documented financial hardship that limits their ability to maintain the property or make mortgage payments.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Rules Committee | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS