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Senate bill · S6263 (2025-26)

Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

Latest action Jun 3, 2026

New York State Senate

Same as A1791, the matching bill in the Assembly.

Sponsor

Joseph A. Griffo

State Senator, District 53 · Republican/Conservative

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Summary

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.

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 31, 2026. About our data

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Purpose, from the sponsor's memo

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs and property tax obligations for affordable housing rental units located in New York state.

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.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Housing · New York State Assembly

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

Cosponsors

Amanda Septimo, Charles Fall and 4 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)
  • Democratic6

Shown in neutral colors by design; Agora is non-partisan.

The sponsor's argument

Why Joseph A. Griffo says this is needed

Affordable housing units serve some of our states' most vulnerable and in need citizens. However large businesses that have no relation to New York State have begun purchasing these units only to leave them in disrepair and neglect. As seen in a number of cases within the Oneida County region an out-of-state organization failed to pay water bills for a significant period resulting in hundreds of residents faced with a potential water shut off and displaced due to the lack of available water. This bill requires all out-of-state organizations with properties in New York to create an escrow account building a reserve fund to protect tenants from being displaced from their residences due to the organiza- tion's carelessness. This fund would allow utility companies and the State to be compensated for unpaid bills or taxes providing residents of affordable housing units security.

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: Floor vote

    NY SenateJun 3, 2026Result: passed

    (61) (0) (0) (2)

  • Vote: Committee vote · Housing, Construction And Community Development

    Senate Housing, Construction And Community DevelopmentMay 4, 2026Result: passed

    (11) (0) (0) (0)

  • Vote: Committee vote · Housing, Construction And Community Development

    Senate Housing, Construction And Community DevelopmentMay 12, 2025Result: passed

    (11) (0) (0) (0)

Full history

  1. Jun 3, 2026

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  2. Jun 3, 2026

    Passed a chamber

    PASSED SENATE

    NY Senate

  3. Jun 3, 2026

    Referred to committee

    REFERRED TO HOUSING

    NY Assembly

  4. May 6, 2026

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  5. May 5, 2026

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

Show full history (9 earlier events)
  1. May 4, 2026

    1ST Report CAL.890

    1ST REPORT CAL.890

    NY Senate

  2. Jan 7, 2026

    Referred to committee

    REFERRED TO HOUSING

    NY Assembly

  3. Jan 7, 2026

    Referred to committee

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

    NY Senate

  4. Jun 13, 2025

    In committee

    COMMITTED TO RULES

    NY Senate

  5. May 14, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  6. May 13, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  7. May 12, 2025

    1ST Report CAL.981

    1ST REPORT CAL.981

    NY Senate

  8. Mar 7, 2025

    Referred to committee

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

    NY Senate

  9. Jan 14, 2025

    Referred to committee

    REFERRED TO HOUSING

    NY Assembly