Relates to creating a new acquisition fund for community land trusts located in New York state

Latest action Feb 25, 2026

Relates to creating a new acquisition fund for community land trusts located in New York state; provides that moneys of the fund shall be expended solely to carry out the affordable home ownership development program exclusively for community land trusts; defines community land trusts.

Not chosen yet

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A6135, the matching bill in the Assembly.

Amends the Private Housing Finance Law.

Committee

Housing · New York State Assembly

Also referred to Housing, Construction And Community Development · New York State Senate.

Purpose, from the sponsor's memo

The purpose of this bill is to promote housing stability and permanent affordability, especially in communities that might otherwise be subject to speculative investment in the private housing market that might displace existing residents, by assisting community land trusts (CLTs) in acquiring vacant land or housing in need of repair through a new New York State CLT Acquisition Fund.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Housing, Construction And Community Development
Senate Housing, Construction And Community DevelopmentFeb 24, 2026Result: passed
(10) (1) (0) (0)
Vote: Committee vote · Housing, Construction And Community Development
Senate Housing, Construction And Community DevelopmentMar 10, 2025Result: passed
(11) (0) (0) (0)

Cosponsors

Julia Salazar, Rachel May and 2 more on Agora

Democratic4

See the full list on nysenate.gov

The sponsor's argument

Why Brian Kavanagh says this is needed

One of the largest expenses in creating and preserving affordable hous- ing in New York is the cost of acquiring property. Currently, New York state is seeing a growth of community land trusts, a network of not-for- profit, democratically

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.

Full history

Feb 25, 2026
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
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
Mar 10, 2025
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Feb 26, 2025
Referred to committee
REFERRED TO HOUSING
NY Assembly

Show full history (1 earlier event)

Feb 21, 2025
Referred to committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 2, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

Your position