Vote: Committee vote · Housing, Construction And Community Development
Senate Housing, Construction And Community DevelopmentMar 18, 2026Result: passed
(10) (1) (0) (0)
Senate bill · S5662 (2025-26)
Relates to authorizing a reduction of taxes pursuant to shelter rent
Latest action May 18, 2026
New York State Senate
Same as A6654, the matching bill in the Assembly.
Summary
Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.
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 Oct 21, 2026. About our data
Following needs an Agora account. You will sign in first, then come back to this page.
Your position on this bill
Choose the position closest to yours. You'll sign in or create an account to save it.
Purpose, from the sponsor's memo
This bill would authorize New York City to reduce or eliminate the shel- ter rent tax for Mitchell-Lama developments, limited dividend housing companies established under Article IV of the Private Housing Finance Law, and mutual redevelopment companies established under Article V of the Private Housing Finance Law. It would also clarify that localities other than New York City may eliminate the shelter rent tax for applica- ble developments through local legislative action.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
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
Committee
Housing · New York State Assembly
Also referred to Housing, Construction And Community Development · New York State Senate.
Cosponsors
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)- Democratic4
Shown in neutral colors by design; Agora is non-partisan.
The sponsor's argument
Why Brian Kavanagh says this is needed
Mitchell-Lama housing provides affordable, stable homes for low- and moderate-income New Yorkers, but many Mitchell-Lama developments are struggling to maintain affordability while keeping up with capital and operating costs. Similarly, limited-equity housing established as mutual redevelopment companies and limited-dividend housing companies, operated similarly to Mitchell-Lama housing, experience similar affordability and operation struggles. This bill would authorize localities statewide to take local action to reduce or eliminate an onerous tax on Mitchell-Lamas, mutual redevelop- ment companies, and limited dividend housing companies. This would create parity with other types of affordable housing projects, which are often exempt from taxes, to support the affordability and ongoing oper- ating costs for the housing types covered under this bill.
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 · Cities 1
Senate Cities 1Apr 8, 2025Result: passed
(7) (0) (0) (0)Vote: Committee vote · Housing, Construction And Community Development
Senate Housing, Construction And Community DevelopmentMar 10, 2025Result: passed
(10) (1) (0) (0)
Full history
- May 18, 2026
Amend and Recommit to Housing
AMEND AND RECOMMIT TO HOUSING
NY Assembly
- May 13, 2026
Amend and Recommit to Finance
AMEND AND RECOMMIT TO FINANCE
NY Senate
- Mar 18, 2026
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
- Feb 2, 2026
Amend and Recommit to Housing
AMEND AND RECOMMIT TO HOUSING
NY Assembly
- Jan 8, 2026
Amend and Recommit to Housing, Construction and Community Development
AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
NY Senate
Show full history (6 earlier events)Show less history
- 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
- Apr 8, 2025
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
- Mar 10, 2025
Reported out of committee
REPORTED AND COMMITTED TO CITIES 1
NY Senate
- Mar 6, 2025
Referred to committee
REFERRED TO HOUSING
NY Assembly
- Feb 26, 2025
Referred to committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
NY Senate