New York · 2025 Regular Session · Bill
S 3150: Establishes the New York state first home grant program
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 3150 is a bill introduced in the New York Senate on January 23, 2025. According to its official title, it concerns: Establishes the New York state first home grant program. Primary sponsor: Jeremy Cooney (Democratic/Working Families). It lists 5 additional sponsors. Most recent recorded action (February 10, 2026): REPORTED AND COMMITTED TO FINANCE.
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 New York state first home grant program; directs the commissioner of homes and community renewal, in consultation with the state comptroller, to implement such program; provides assistance on behalf of a first time home buyer qualified for such program; and for costs in connection with the acquisition, involving an eligible mortgage loan, of an eligible home, including downpayment costs, closing costs, and costs to reduce the rates of interest on eligible mortgage loans; subsidies to make shared equity homes affordable to home buyers by discounting the price for which the home will be sold and to preserve the affordability of the home for subsequent home buyers; and pre-occupancy home modifications required to accommodate qualified home buyers or members of their household with disabilities; excludes the amount of any grant to any first time home buyer awarded or any federal first time home buyer grant program from taxable income for the purpose of calculating New York adjusted gross income.
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Democratic/Working Families 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jeremy Cooney | Primary sponsor | Democratic/Working Families | Senate | 56 |
| Joe Addabbo | Co-sponsor | Democratic | Senate | 15 |
| Siela Bynoe | Co-sponsor | Democratic | Senate | 6 |
| Leroy Comrie | Co-sponsor | Democratic | Senate | 14 |
| Robert Jackson | Co-sponsor | Democratic/Working Families | Senate | 31 |
| Lea Webb | Co-sponsor | Democratic/Working Families | Senate | 52 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REPORTED AND COMMITTED TO FINANCE
- REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
- REPORTED AND COMMITTED TO FINANCE
- REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT