New York legislation · 2025-2026 General Assembly
New York S10503: Establishes the build more, get more incentive fund
Status: In committee, September 23, 2026
Establishes the build more, get more incentive fund to provide incentive payments to municipalities based on the number of eligible new housing units produced within such municipality.
What the bill says
An act to amend the private housing finance law, in relation to establishing the build more, get more incentive fund.
From the amended text, September 23, 2026:
AN ACT to amend the private housing finance law, in relation to establishing the build more, get more incentive fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "build more, get more act". § 2. The private housing finance law is amended by adding a new article 28 to read as follows: ARTICLE 28 BUILD MORE, GET MORE INCENTIVE FUND SECTION 1240. DEFINITIONS. 1241. ESTABLISHMENT OF FUND. 1242. INCENTIVE PAYMENTS. 1243. PERMITTED USES OF FUNDS. 1244. CERTIFICATION AND REPORTING. 1245. ANTI-DISPLACEMENT AND ANTI-GAMING PROVISIONS. 1246. BONUS FOR CERTIFIED PRO-HOUSING COMMUNITIES. 1247. ANNUAL REPORT. § 1240. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE: 1. "CORPORATION" MEANS THE NEW YORK STATE HOUSING TRUST FUND CORPORATION. 2. "MUNICIPALITY" MEANS ANY CITY, TOWN, OR VILLAGE. 3. "NET NEW HOUSING UNIT" MEANS A DWELLING UNIT THAT: (A) RECEIVES A CERTIFICATE OF OCCUPANCY, TEMPORARY CERTIFICATE OF OCCUPANCY, OR EQUIVALENT LOCAL AUTHORIZATION ON OR AFTER THE EFFECTIVE DATE OF THIS ARTICLE; (B) INCREASES THE TOTAL NUMBER OF LAWFUL DWELLING UNITS WITHIN THE MUNICIPALITY; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15840-04-6 S. 10503--B 2 (C) DOES NOT MERELY REPLACE A DWELLING UNIT THAT WAS …
Sponsors
- Bottcher, Erik (D, 47) · primary sponsor
Latest actions
- : PRINT NUMBER 10503B
- : AMEND (T) AND RECOMMIT TO FINANCE
- : PRINT NUMBER 10503A
- : AMEND (T) AND RECOMMIT TO FINANCE
- : REFERRED TO FINANCE
Subjects: Private Housing Finance Law
Common questions
- What is S10503?
- S10503 is a bill in the New York Legislature (2025-2026 General Assembly): Establishes the build more, get more incentive fund.
- What does S10503 do?
- In its own words: An act to amend the private housing finance law, in relation to establishing the build more, get more incentive fund.
- What is the status of S10503?
- In committee as of September 23, 2026. Latest action: PRINT NUMBER 10503B (September 23, 2026).
- Who sponsored S10503?
- Bottcher, Erik (D, 47).
- Where is the official record for S10503?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S10503
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.