NY LEG Access to Home Program Bill


On Jun. 5, NY LEG passed bill on access to home programs, repairs.


  • NY LEG passed bill A 10457 (S 9699-A) permitting certain home repairs to be financed in conjunction with accessibility improvements through the Access to home program.
  • Amends NY LEG 44-B-25-1201 and NY LEG 44-B-30-1203 on definitions, NY LEG 44-B-25-1202, access to home contracts, NY LEG 44-B-30-1272, access to home for heroes.
  • Bill Provisions
  • Amends Access to home and Access to home for heroes programs to allow home repair re habitability to be financed with program funds along with accessibility improvements
  • The bill would contain a cost ratio cap between the repairs and the modifications and would increase the administrative costs that can be paid to service providers.
  • Legislative History
  • On May 28, 2024, bill delivered to Senate; on Jun. 4, 2024, bill was passed in Senate.
  • On Jun. 4, 2024, bill introduced in Assembly; on Jun. 4, 2024, bill passed Assembly.
  • Effectiveness
  • Act shall take effect on the 90th day after it shall have become a law.
  • Jul. 2024 NY LEG Governor Approval
  • On Jul. 25, 2024, NY LEG reported governor Hochul signed bill into law, Chapter 212.
  • Takes effect 90th day after coming into law on Jul. 25, 2024; effective Oct. 24, 2024.

Regulators NY LEG
Entity Types CNSM; Corp; MG Orig
Reference PR, Ch. 212, 7/25/2024; Bill, A10457, S09699-A, 6/5/2024; Citation: *NY LEG* 44-B-25-1201, 44-B-30-1203, 44-B-25-1202, 44-B-30-1272;
Functions Compliance; Financial; Legal
Countries United States of America
Category
State
Products Loan; Mortgage
Regions Am
Rule Type Final
Rule Date 6/5/2024
Effective Date 10/24/2024
Rule Id 214774
Linked to N/A
Reg. Last Update 7/25/2024
Report Section US Consumer

Last substantive update on 07/30/2024