Vote: Floor vote
NY SenateJun 1, 2026Result: passed
(60) (0) (0) (3)
Senate bill · S1157 (2025-26)
Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home
Latest action Jun 1, 2026
New York State Senate
Same as A5098, the matching bill in the Assembly.
Summary
Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home.
Summary from NY Open Legislation. How we handle summaries
Amends the Private Housing Finance Law.
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 1, 2026. About our data
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Purpose, from the sponsor's memo
Establishes the New York State First Home Buyers Savings Program to authorize first time homebuyers to establish savings accounts to buy their first home.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
Where it stands
Passed one of the two chambers; it still needs the other.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Codes · New York State Assembly
Also referred to Codes · New York State Senate, Housing · New York State Assembly, Housing, Construction And Community Development · New York State Senate.
Cosponsors
Alec Brook-Krasny, Alicia Hyndman and 54 more on Agora
Showing the cosponsors who are on Agora, A to Z. The official record may list more.
Read on NY Senate (opens in a new tab)- Democratic34
- Republican22
This bill has cosponsors from more than one party.
Shown in neutral colors by design; Agora is non-partisan.
- Alec Brook-Krasny
- Alicia Hyndman
- Amy Paulin
- Angelo Santabarbara
- Anna Kelles
- Anthony H. Palumbo
- April Baskin
- Brian Cunningham
- Dean Murray
- Didi Barrett
- Donna Lupardo
- Emerita Torres
Show the full list (56 names)Show fewer cosponsors
- Jack M. Martins
- Jaime R. Williams
- Jake Ashby
- Jen Lunsford
- Jodi Giglio
- Joe Angelino
- Joe DeStefano
- John Lemondes
- John T. McDonald III
- Joseph P. Addabbo Jr.
- Judy Griffin
- Karen McMahon
- Karines Reyes
- Landon C. Dais
- Lea Webb
- Leroy Comrie
- Mario Mattera
- Mark Walczyk
- MaryJane Shimsky
- Matthew Simpson
- Matthew Slater
- Michael Benedetto
- Michael Novakhov
- Michelle Hinchey
- Nily Rozic
- Noah Burroughs
- Pamela Helming
- Patricia Canzoneri-Fitzpatrick
- Patrick Chludzinski
- Patrick M. Gallivan
- Paula Kay
- Pete Harckham
- Phil Steck
- Rachel May
- Rebecca Kassay
- Robert Jackson
- Robert Rolison
- Scott H. Bendett
- Siela Bynoe
- Steve Rhoads
- Tommy Schiavoni
- William Colton
- William Weber
- Zellnor Myrie
The sponsor's argument
Why Jeremy Cooney says this is needed
Buying a home for the first time can leave you with serious sticker shock, and many New Yorkers can never imagine the reaching the dream of home ownership. The New York State First Home Savings Program will allow persons who have not had an ownership interest in a principal residence to establish an account for the purchase of their first home, using a deduction against their personal income taxes of up to five thousand dollars for individuals and ten thousand dollars for married couples.
This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.
Recorded votes
Vote: Committee vote · Rules
Senate RulesMay 28, 2026Result: passed
(21) (0) (0) (0)Vote: Committee vote · Housing, Construction And Community Development
Senate Housing, Construction And Community DevelopmentFeb 10, 2026Result: passed
(11) (0) (0) (0)Vote: Floor vote
NY SenateFeb 4, 2025Result: passed
(61) (0) (0) (2)Vote: Committee vote · Housing, Construction And Community Development
Senate Housing, Construction And Community DevelopmentJan 27, 2025Result: passed
(11) (0) (0) (0)
Full history
- Jun 1, 2026
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
- Jun 1, 2026
Passed a chamber
PASSED SENATE
NY Senate
- Jun 1, 2026
Referred to committee
REFERRED TO CODES
NY Assembly
- May 28, 2026
In committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
NY Senate
- May 28, 2026
Ordered to Third Reading CAL.1341
ORDERED TO THIRD READING CAL.1341
NY Senate
Show full history (13 earlier events)Show less history
- May 20, 2026
Reported out of committee
REPORTED REFERRED TO CODES
NY Assembly
- Feb 10, 2026
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
- Jan 7, 2026
Died in Assembly
DIED IN ASSEMBLY
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO HOUSING
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
NY Senate
- Feb 12, 2025
Referred to committee
REFERRED TO HOUSING
NY Assembly
- Feb 4, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
- Feb 4, 2025
Passed a chamber
PASSED SENATE
NY Senate
- Feb 4, 2025
Referred to committee
REFERRED TO HOUSING
NY Assembly
- Feb 3, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
- Jan 28, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
- Jan 27, 2025
1ST Report CAL.171
1ST REPORT CAL.171
NY Senate
- Jan 8, 2025
Referred to committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
NY Senate