· NY legislature · 2025-2026

Enacts the "End Hedge Fund Control of New York Homes Act"

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…

Sponsor

Michaelle Solages (D-NY)

Introduced

2025-01-14

Policy area

Housing and Community Development

Latest action

REFERRED TO WAYS AND MEANS