NY A05286

Establishes a zero-percent interest revolving loan program through the New York State Housing Finance Agency for emergent or essential home repairs, with loans ranging from $1,000 to $30,000

Sets income eligibility limits at $87,500 for single-adult households, $215,000 for households with two or more adults, and $210,000 for households with two or more adults and dependents

Creates a Home Repair Project Revolving Loan Fund with an initial appropriation of $200 million from the state treasury

Requires loan applicants to submit repair cost quotes, tax returns, banking/credit card information, and select from at least three repayment plan options

Mandates geographic distribution of loan awards across all regions of the state and allows homeowners to combine program funds with other subsidies or funding sources