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New York · 2025 Regular Session · Bill

A 7488: Authorizes the purchase of rehabilitation mortgages by the state of New York mortgage agency

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 7488 is a bill introduced in the New York House on March 28, 2025. According to its official title, it concerns: Authorizes the purchase of rehabilitation mortgages by the state of New York mortgage agency. Primary sponsor: Misha Novakhov (Republican/Conservative). It lists 5 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.

Authorizes the state of New York mortgage agency to purchase rehabilitation mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages or available for such loans at carrying charges within the financial means of persons and families of low and moderate income.

Sponsors

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

NameRolePartyChamberDistrict
Misha NovakhovPrimary sponsorRepublican/ConservativeHouse45
Ken BlankenbushCo-sponsorRepublicanHouse117
Alec Brook-KrasnyCo-sponsorRepublican/ConservativeHouse46
John MikulinCo-sponsorRepublicanHouse17
Danny NorberCo-sponsorRepublican/ConservativeHouse16
Chris TagueCo-sponsorRepublicanHouse102

“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