Assembly bill · A7031 (2025-26)
Decreases the percentage of votes needed for the election of board members in mutual housing companies with twelve thousand or more units
New York State Assembly
Sponsor: Michael Benedetto (Assembly Member, District 82, Democratic)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 19, 2026. About our data
Summary
Decreases the percentage of votes needed for the election of board members in mutual housing companies with twelve thousand or more units to twenty percent plus one to constitute a majority for shareholder approval of such board members.
Summary from NY Open Legislation. How we handle summaries
Amends the Private Housing Finance Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Housing · New York State Assembly
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Full history
- Jan 7, 2026
Referred to committee
REFERRED TO HOUSING
NY Assembly
- Mar 18, 2025
Referred to committee
REFERRED TO HOUSING
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.