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NY A10588
Bill
Status
Introduced
3/13/2026
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
- Allows low-income housing tax credits to be transferred multiple times between parties, removing the current prohibition on transferees re-transferring credits they received
- Requires agency approval and compliance with agency rules for each subsequent transfer of credits
- Mandates proper documentation of all transfers and ensures transfers do not affect the underlying project's eligibility for program benefits
- Applies to all low-income housing tax credits allocated under Article 2-A of public housing law, including those for projects already in service, under construction, or in pre-development
Legislative Description
Permits multiple transfers of low-income housing tax credits.
Last Action
referred to housing
3/13/2026
Committee Referrals
Housing3/13/2026
Full Bill Text
No bill text available