New York 2025 Session Status: Introduced

A5098 — Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home

Last action — In Assembly Committee

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

This bill has been introduced in the Assembly. Introduced February 12, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

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.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

Creates a savings program for first-time home buyers in New York State.

The bill establishes a first home savings program in New York to allow first-time home buyers to set up savings accounts for purchasing their homes. The specific details of the program are not available as the bill text is not provided.

What this means for you
  • Consumers: This means first-time home buyers may have an opportunity to save specifically for their first home.

Summary

Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home.

Bill Text

Action History

  1. REPORTED REFERRED TO CODES

  2. REFERRED TO HOUSING

  3. REFERRED TO HOUSING

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.

Show all 218 →

"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

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 A5098 do?
Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home.
Who sponsors A5098?
A5098 is sponsored by Philip Ramos.
What is the current status of A5098?
This bill has been introduced in the Assembly. Introduced February 12, 2025. It must pass committee before a floor vote.
Where can I track A5098?
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Last checked for changes 3 months ago · updated continuously

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