Senate Housing Committee advances more than a dozen housing bills to finance and the floor

Albany — The New York State Senate Committee on Housing, Construction and Community Development, chaired by Senator Brian Kavanaugh, reported more than a dozen housing-related bills to either the Finance Committee or to the Senate floor during its third committee meeting in February 2025.

The committee moved bills covering a range of housing issues including small rental development financing, a housing project revolving loan fund, property tax exemptions for home renovations, senior housing service funding, tenant protections tied to major capital improvements, and updates to building and energy codes. Most measures were advanced after brief sponsor remarks or technical questions from committee members.

Why it matters: The bills forwarded by the committee address funding mechanisms, tenant protections and code enforcement that affect developers, landlords and tenants across New York at a time when lawmakers are finalizing the state budget due in roughly four weeks, committee members noted.

Votes at a glance

- S595 (Hinchey) — ‘‘An act to amend the private housing finance law in relation to establishing the small rental housing development initiative.’’ Motion to report to Finance carried; mover: Senator Manning; second: Senator Kavanaugh. The committee recorded no negative votes in the chamber roll-call remarks and the bill was reported to Finance.

- S733 (May) — ‘‘An act to amend the private housing finance law and the state finance law in…