New York 2025 Session Status: Introduced

S6263 — Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

Last action — In Assembly Committee

  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 March 07, 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

Requires out-of-state affordable housing owners to maintain an escrow account for rental units in New York.

The bill mandates that owners of affordable housing units in New York, who are based out-of-state, must set up an escrow account. This account is intended to cover utility costs, property tax obligations, fire services, and maintenance costs for those housing units.

What this means for you
  • Workers: This means more reliable management of affordable housing, which can benefit workers seeking stable rental options.
  • Families: For families, this could lead to better-maintained housing conditions in affordable rental units.

Summary

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.

Bill Text

Action History

  1. REFERRED TO HOUSING

  2. DELIVERED TO ASSEMBLY

  3. PASSED SENATE

  4. ADVANCED TO THIRD READING

  5. 2ND REPORT CAL.

  6. 1ST REPORT CAL.890

  7. REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

  8. COMMITTED TO RULES

  9. ADVANCED TO THIRD READING

  10. 2ND REPORT CAL.

  11. 1ST REPORT CAL.981

  12. 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.

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 S6263 do?
Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.
Who sponsors S6263?
S6263 is sponsored by Joseph A. Griffo.
What is the current status of S6263?
This bill has been introduced in the Senate. Introduced March 07, 2025. It must pass committee before a floor vote.
Where can I track S6263?
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Last checked for changes 3 months ago · updated continuously

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