New York · 2025 Regular Session · Bill
A 1818: Enacts the "End Hedge Fund Control of New York Homes Act"
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
A 1818 is a bill introduced in the New York House on January 14, 2025. According to its official title, it concerns: Enacts the "End Hedge Fund Control of New York Homes Act". Primary sponsor: Michaelle Solages (Democratic). It lists 3 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO WAYS AND MEANS.
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.
Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Michaelle Solages | Primary sponsor | Democratic | House | 22 |
| Anna Kelles | Co-sponsor | Democratic/Working Families | House | 125 |
| Grace Lee | Co-sponsor | Democratic | House | 65 |
| Steven Raga | Co-sponsor | Democratic | House | 30 |
“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 WAYS AND MEANS
- REFERRED TO WAYS AND MEANS