Creation of affordable homeownership opportunities.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “A Local Law to amend the administrative code of the city of New York, in relation to the creation of affordable homeownership opportunities” Read the full text
Land Use
What it does
This bill would require, beginning July 1, 2026, that at least 4 percent of all new construction affordable units that the City finances, over five-year periods, consists of homeownership opportunity units, which include financing newly constructed affordable units for homeownership, downpayment assistance loans, and financing rental conversions into affordable units for homeownership. A maximum of 60 percent of these required homeownership opportunity units could be down payment assistance loans.
Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.
Where it is
Show all 16 actions
Introduced by Council · Jun 20, 2024
Referred to Comm by Council · Jun 20, 2024
Hearing Held by Committee · Sep 19, 2024
Committee on Land Use
Laid Over by Committee · Sep 19, 2024
Committee on Land Use
Hearing Held by Committee · Dec 4, 2025
Committee on Land Use
Laid Over by Committee · Dec 4, 2025
Committee on Land Use
Hearing Held by Committee · Dec 18, 2025
Committee on Land Use
Amended by Committee · Dec 18, 2025
Committee on Land Use
Amendment Proposed by Comm · Dec 18, 2025
Committee on Land Use
Approved by Committee · Dec 18, 2025
Committee on Land Use
Approved by Council · Dec 18, 2025
Sent to Mayor by Council · Dec 18, 2025
Vetoed by Mayor · Dec 31, 2025
Mayor
Hearing Held by Committee · Jan 28, 2026
Committee on Land Use
Approved by Committee · Jan 28, 2026
Committee on Land Use
Overridden by Council · Jan 29, 2026
Official documents
Summary of Int. No. 958-A
officialSummary of Int. No. 958
officialInt. No. 958
officialJune 20, 2024 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 6-20-24
officialMinutes of the Stated Meeting - June 20, 2024
officialCalendar of the Land Use Meeting - September 19, 2024
officialHearing Transcript - Land Use 9-19-24
officialCommittee Report 9/19/24
officialHearing Testimony 9/19/24
officialProposed Int. No. 958-A - 11/26/25
officialCalendar of the Subcommittee and Land Use Meetings - December 4, 2025
officialHearing Transcript - Land Use 12/4/25
officialCalendar of the Subcommittee and Land Use Meetings - December 18, 2025
officialCommittee Report 12/18/25
officialHearing Transcript 12/18/25
officialDecember 18, 2025 - Stated Meeting Agenda
officialCommittee Report - Stated Meeting
officialInt. No. 958-A (FINAL)
officialInt. No. 958-A - Fiscal Impact Statement - City Council
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
14
sponsors on the bill
Sponsors
Adrienne E. AdamsSelvena N. Brooks-PowersAmanda C. FaríasCrystal HudsonNantasha M. WilliamsFarah N. LouisChris BanksPierina Ana SanchezAlthea V. StevensDarlene MealyDiana I. AyalaKevin C. RileyMercedes NarcisseShahana K. Hanif
Who is lobbying on this
Habitat For Humanity New York City, Inc.via Habitat For Humanity New York City, Inc. · Public, Community Interest & Not-for-profit Organization
2 filingsNew York State Association of Realtors, Inc.via The Parkside Group, LLC · Real Estate, Construction, Engineering & Developer
1 filingNew York State Association For Affordable Housing, Inc.via Mirram Group LLC · Real Estate, Construction, Engineering & Developer
1 filingFrom 4 City Clerk eLobbyist filings naming this bill (2024 to 2025). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.
Every fact on this page links to its source, starting with the official bill record. Last action: Overridden by Council (Jan 29, 2026).