New York 2025 Session Status: Introduced

S10442 — Relates to the bonding authority of the New York city housing development corporation

Last action — Senate Floor Calendar

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced May 15, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill increases the New York City Housing Development Corporation's borrowing limit.

The bill raises the maximum amount of outstanding notes and bonds that the New York City Housing Development Corporation can issue from $20 billion to $22 billion. This change is aimed at expanding the corporation's ability to fund housing development projects.

Summary

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.

Bill Text

Action History

  1. SUBSTITUTED BY A11529

  2. ORDERED TO THIRD READING CAL.1583

  3. COMMITTEE DISCHARGED AND COMMITTED TO RULES

  4. REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S10442 do?
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.
Who sponsors S10442?
S10442 is sponsored by Brian Kavanagh.
What is the current status of S10442?
This bill has been introduced in the Senate. Introduced May 15, 2026. It must pass committee before a floor vote.
Where can I track S10442?
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Last checked for changes 3 months ago · updated continuously

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