New York · 2025 Regular Session · Bill
S 4416: Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 4416 is a bill introduced in the New York Senate on February 4, 2025. According to its official title, it concerns: Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing. Primary sponsor: Rachel May (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT.
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.
Specifies that low-income housing tax credits may be issued both for projects creating new housing and projects renovating and preserving existing housing, nullifying a DHCR determination that projects for the renovation and preservation of existing housing do not qualify.
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Rachel May | Primary sponsor | Democratic/Working Families | Senate | 48 |
“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, CONSTRUCTION AND COMMUNITY DEVELOPMENT
- REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT