New York legislation · 2025-2026 General Assembly
New York A4537: Relates to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area
Status: In committee, June 2, 2026
Relates to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area; provides for a rebate program; provides for a process for application and certification.
What the bill says
An act to amend the public authorities law, in relation to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area.
From the amended text, May 20, 2026:
AN ACT to amend the public authorities law, in relation to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Section 1974-b of the public authorities law is amended by adding a new subdivision 3 to read as follows: 3. (A) FOR PURPOSES OF THIS SUBDIVISION: (I) "ELIGIBLE HOMEOWNER" SHALL MEAN AN OWNER OF A RESIDENCE LOCATED IN THE BATTERY PARK PROJECT AREA WHO OCCUPIES SUCH RESIDENCE AS THE HOMEOWNER'S PRIMARY RESIDENCE AND WHOSE ANNUAL HOUSEHOLD INCOME DOES NOT EXCEED ONE HUNDRED FIFTY PERCENT OF THE AREA MEDIAN INCOME DEFINED AND CALCULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE NEW YORK CITY REGION, ADJUSTED FOR HOUSEHOLD SIZE; (II) "ELIGIBLE RENTER" SHALL MEAN A PERSON WHOSE PRIMARY RESIDENCE IS LOCATED IN THE BATTERY PARK PROJECT AREA AND IS DESIGNATED A QUASI-RENT STABILIZED UNIT OR HAS RESTRICTIONS ON ANNUAL RENT INCREASES PURSUANT TO A REGULATORY AGREEMENT BETWEEN THE AUTHORITY AND THE LANDLORD, AND WHOSE ANNUAL HOUSEHOLD INCOME DOES NOT EXCEED ONE HUNDRED FIFTY PERCENT OF THE AREA MEDIAN INCOME DEFINED AND CALCULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE NEW YORK CITY REGION; (III) "REBATE BASE YEAR" …
Sponsors
- Charles Fall (D, 61) · primary sponsor
- Grace Lee (D, 65)
- Deborah Glick (D, 66)
Latest actions
- : SUBSTITUTED BY S1462A
- : ORDERED TO THIRD READING RULES CAL.334
- : RULES REPORT CAL.334
- : REPORTED
- : REPORTED REFERRED TO RULES
- : REFERENCE CHANGED TO WAYS AND MEANS
- : PRINT NUMBER 4537A
- : AMEND AND RECOMMIT TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
- : REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
- : REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Votes
- Assembly Rules Committee: Favorable (June 2, 2026): 18 yea, 9 nay, passed
- Assembly Ways And Means Committee: Favorable refer to committee Rules (June 1, 2026): 32 yea, 0 nay, passed
Subjects: Public Authorities Law
Common questions
- What is A4537?
- A4537 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area.
- What does A4537 do?
- In its own words: An act to amend the public authorities law, in relation to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area.
- What is the status of A4537?
- In committee as of June 2, 2026. Latest action: SUBSTITUTED BY S1462A (June 2, 2026).
- Who sponsored A4537?
- Charles Fall (D, 61), with 2 co-sponsors.
- Where is the official record for A4537?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A4537
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.