New York · 2025 Regular Session · Bill
A 7445: Relates to community land mortgages and authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
A 7445 is a bill introduced in the New York House on March 28, 2025. According to its official title, it concerns: Relates to community land mortgages and authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state. Primary sponsor: Misha Novakhov (Republican/Conservative). It lists 4 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.
Relates to the purchase of community land mortgages; defines a community land mortgage as a mortgage that is secured by a first lien on a leasehold estate in real property that is improved by a residential structure wherein title to the real property is retained by a not-for-profit housing company or housing development fund company; authorizes the state of New York mortgage agency to purchase community land mortgages from banks within the state; ensures not-for-profit housing remains as affordable housing.
Sponsors
Sponsors by party (alphabetical): Republican 3 · Republican/Conservative 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Misha Novakhov | Primary sponsor | Republican/Conservative | House | 45 |
| Mike Fitzpatrick | Co-sponsor | Republican | House | 8 |
| Brian Manktelow | Co-sponsor | Republican | House | 130 |
| Danny Norber | Co-sponsor | Republican/Conservative | House | 16 |
| Chris Tague | Co-sponsor | Republican | House | 102 |
“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 HOUSING
- REFERRED TO HOUSING