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Senate bill · S9576 (2025-26)

Relates to elections involving board members, by-law amendments, or dissolution, reconstitution or conversion of mutual housing companies

Latest action Jun 2, 2026

New York State Senate

Same as A10768, the matching bill in the Assembly.

Sponsor

Jamaal Bailey

State Senator, District 36 · Democratic/Working Families

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Summary

Relates to elections involving board members, by-law amendments, or dissolution, reconstitution or conversion of mutual housing companies; provides that ballots shall be cast electronically to a neutral third party; provides that by-laws approved by shareholders and the commissioner of housing or supervising agency may limit eligibility for being a candidate for board of directors of a mutual housing company; relates to quorum for purposes of an election of board members in certain mutual housing companies.

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 23, 2026. About our data

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Purpose, from the sponsor's memo

Section 1 of the bill amends subdivisions 1 and 5 of section 13-c of the private housing finance law and adds a new subdivision 6, which reads as follows: Require that all shareholder votes concerning the election of board members, by-law amendments, dissolution, reconstitution, conversion of a mutual housing company, and certain special assessments be conducted by secret ballot, and authorize such ballots to be cast electronically through a neutral third party or in person, with absentee voting permit- ted as provided by law. Replace references to "tenants" with "shareholders" to clarify voting eligibility; Provide that no otherwise eligible person shall be disqual- ified from being a candidate for, or serving on, a board of directors solely based on arrears, unless such arrears exceed two months of main- tenance at the time of nomination, except where otherwise permitted pursuant to duly approved by-laws; and Establish that, for mutual housing companies with one thousand or more shareholders, a quorum for the election of board members shall be twen- ty-five percent of shareholders entitled to vote. Section 2 of the bill provides that this act shall take effect imme- diately.

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.

The sponsor's argument

Why Jamaal Bailey says this is needed

This bill improves the administration and governance of mutual housing companies by establishing clear, uniform standards for shareholder voting, board eligibility, and quorum requirements. The bill authorizes the use of secure electronic voting administered by a neutral third party and requires the use of secret ballots for speci- fied corporate actions. These provisions promote the integrity, accessi- bility, and confidentiality of shareholder voting. The bill also clarifies eligibility standards for service on boards of directors by providing that arrears shall not serve as the sole basis for disqualification unless such arrears exceed two months of mainte- nance at the time of nomination, while preserving the ability of housing companies to adopt alternative standards through duly approved by-laws. In addition, the bill establishes a 25 percent quorum requirement for board elections in mutual housing companies with one thousand or more shareholders, ensuring that elections may proceed while maintaining meaningful shareholder participation. This bill would promote fair and efficient governance practices in mutu- al housing companies without imposing any fiscal impact on the state.

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 2, 2026Result: passed

    (43) (18) (0) (2)

  • Vote: Committee vote · Rules

    Senate RulesJun 2, 2026Result: passed

    (17) (3) (0) (1)

Full history

  1. Jun 2, 2026

    In committee

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

    NY Senate

  2. Jun 2, 2026

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  3. Jun 2, 2026

    Ordered to Third Reading CAL.1563

    ORDERED TO THIRD READING CAL.1563

    NY Senate

  4. Jun 2, 2026

    Passed a chamber

    PASSED SENATE

    NY Senate

  5. Apr 1, 2026

    Referred to committee

    REFERRED TO HOUSING

    NY Assembly

Show full history (1 earlier event)
  1. Mar 25, 2026

    Referred to committee

    REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

    NY Senate