New York legislation · 2025-2026 General Assembly
New York A11529: Relates to the bonding authority of the New York city housing development corporation
Status: Signed into law, July 31, 2026
Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.
What the bill says
An act to amend the private housing finance law, in relation to increasing the bonding authority of the New York city housing development corporation.
From the introduced text, May 29, 2026:
AN ACT to amend the private housing finance law, in relation to increasing the bonding authority of the New York city housing development corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Paragraph c of subdivision 1 of section 656 of the private housing finance law, as amended by chapter 360 of the laws of 2025, is amended to read as follows: c. No bonds or notes of the corporation shall be issued if upon such issuance the aggregate principal amount of bonds and notes of the corporation then outstanding exceeds the lesser of [twenty] TWENTY-TWO billion dollars or such amount as would cause the maximum capital reserve fund requirement to exceed eighty-five million dollars; provided that, in determining such aggregate principal amounts there shall be deducted: (i) all sums then available for the payment of such bonds or notes either at maturity or through the operation of a sinking fund; (ii) the aggregate principal amount of outstanding bonds issued: (a) to refund notes; and (b) to refund bonds, theretofore issued and then outstanding; and (iii) the aggregate principal amount of outstanding notes issued to renew notes theretofore issued and then outstanding. The provisions of the prior sentence notwithstanding, the corporation shall not issue bonds if such issuance shall …
Sponsors
- Larinda Hooks (D, 35) · primary sponsor
Latest actions
- : SIGNED CHAP.192
- : DELIVERED TO GOVERNOR
- : RETURNED TO ASSEMBLY
- : PASSED SENATE
- : 3RD READING CAL.1583
- : SUBSTITUTED FOR S10442
- : REFERRED TO RULES
- : DELIVERED TO SENATE
- : PASSED ASSEMBLY
- : ORDERED TO THIRD READING RULES CAL.384
Votes
- Senate Floor Vote (June 2, 2026): 42 yea, 19 nay, passed
- FLOOR Vote (June 2, 2026): 42 yea, 19 nay, passed
- Assembly Ways And Means Committee: Favorable refer to committee Rules (June 2, 2026): 23 yea, 9 nay, passed
- Assembly Rules Committee: Favorable (June 2, 2026): 18 yea, 9 nay, passed
- Assembly Floor Vote - Final Passage (June 2, 2026): 92 yea, 47 nay, passed
Subjects: Private Housing Finance Law
Common questions
- What is A11529?
- A11529 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to the bonding authority of the New York city housing development corporation.
- What does A11529 do?
- In its own words: An act to amend the private housing finance law, in relation to increasing the bonding authority of the New York city housing development corporation.
- What is the status of A11529?
- Signed into law as of July 31, 2026. Latest action: SIGNED CHAP.192 (July 31, 2026).
- Who sponsored A11529?
- Larinda Hooks (D, 35).
- Where is the official record for A11529?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11529
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.