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NY A10287
Bill
Status
Introduced
2/20/2026
Primary Sponsor
Linda Rosenthal
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AI Summary
- Requires landlords receiving low-income housing tax credits to offer tenants the option to have on-time rent payments reported to consumer credit agencies
- Adds positive rental payment reporting as a preference factor when evaluating project applications for the New York State Low Income Housing Tax Credit program
- Landlords may charge tenants up to $5 per month or actual cost (whichever is less) for the reporting service, and failure to pay this fee cannot result in eviction or security deposit deductions
- Tenants must provide written consent to opt in, may opt out at any time with written request, but must wait at least six months before re-enrolling after opting out
- Notice of the reporting option must be provided at lease signing and annually thereafter, including details on which agencies will receive reports and what information will be shared
Legislative Description
Includes positive rental payment information reporting as a preference in the evaluation of project applications in the New York state low income housing tax credit program; requires landlords to offer tenants the option of positive rental payment information reporting; creates notice requirements for the election of positive rental payment information reporting.
Last Action
referred to housing
2/20/2026
Committee Referrals
Housing2/20/2026
Full Bill Text
No bill text available