Local law · Int 0958-2024

The creation of affordable homeownership opportunities

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to the creation of affordable homeownership opportunities

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Latest action Jan 29, 2026

New York City Council

Sponsor

Adrienne E. Adams

Summary

This bill would require, beginning July 1, 2026, that at least 4 percent of all new construction affordable units that the City finances, over five-year periods, consists of homeownership opportunity units, which include financing newly constructed affordable units for homeownership, downpayment assistance loans, and financing rental conversions into affordable units for homeownership. A maximum of 60 percent of these required homeownership opportunity units could be down payment assistance loans.

Summary from NYC Council (Legistar). How we handle summaries

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

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Where it stands

Became law over a veto.

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

Committee

Committee on Land Use

Cosponsors

Selvena N. Brooks-Powers, Amanda C. Farías and 11 others

Cosponsors in the order the New York City Council lists them.

Democratic12

Party is shown for the 12 cosponsors who are on Agora.

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Show the full list (13 names)

Shahana K. Hanif

Names without a link are in the official record but not on Agora.

Recorded votes

Vote: Overridden by Council
NYC CouncilJan 29, 2026Result: passed
(51) (0) (0) (0)
Vote: Approved by Committee
Committee on Land UseJan 28, 2026Result: passed
(12) (0) (0) (1)
Vote: Approved by Committee
Committee on Land UseDec 18, 2025Result: passed
(10) (0) (0) (1)
Vote: Approved by Council
NYC CouncilDec 18, 2025Result: passed
(47) (1) (0) (3)

Full history

Jan 29, 2026
A Motion Was Made That This Introduction be Approved by Council Approved by Consent Roll Call.
A motion was made that this Introduction be Approved by Council approved by consent Roll Call.
NYC Council
Jan 28, 2026
Committee vote
A motion was made that this Introduction be Approved by Committee approved by Roll Call.
Committee on Land Use
Jan 28, 2026
Hearing held
This Introduction was Hearing Held by Committee
Committee on Land Use
Dec 31, 2025
Vetoed
This Introduction was Vetoed by Mayor
Mayor
Dec 18, 2025
Committee vote
A motion was made that this Introduction be Approved by Committee approved by Roll Call.
Committee on Land Use

Show full history (11 earlier events)

Dec 18, 2025
Passed a chamber
A motion was made that this Introduction be Approved by Council approved by Roll Call.
NYC Council
Dec 18, 2025
Amended
This Introduction was Amended by Committee
Committee on Land Use
Dec 18, 2025
This Introduction Was Amendment Proposed by Comm
This Introduction was Amendment Proposed by Comm
Committee on Land Use
Dec 18, 2025
Hearing held
This Introduction was Hearing Held by Committee
Committee on Land Use
Dec 18, 2025
Sent to the executive
This Introduction was Sent to Mayor by Council
NYC Council
Dec 4, 2025
Hearing held
This Introduction was Hearing Held by Committee
Committee on Land Use
Dec 4, 2025
Held over
This Introduction was Laid Over by Committee
Committee on Land Use
Sep 19, 2024
Hearing held
This Introduction was Hearing Held by Committee
Committee on Land Use
Sep 19, 2024
Held over
This Introduction was Laid Over by Committee
Committee on Land Use
Jun 20, 2024
Introduced
This Introduction was Introduced by Council
NYC Council
Jun 20, 2024
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Land Use
NYC Council