NYC Council Introduction 958

intro.nyc/0958-2024 2024-2025 Legislative Session Mayor's Desk for Signature
Creation of affordable homeownership opportunities.
Sponsored by
Introduced: June 20, 2024

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.

Approved by Committee December 18, 2025

Committee on Land Use Votes 10:0:0
Rafael Salamanca, Jr. (Affirmative)
Shaun Abreu (Affirmative)
Joann Ariola (Affirmative)
Diana I. Ayala (Affirmative)
Selvena N. Brooks-Powers (Affirmative)
Amanda C. Farías (Affirmative)
Kamillah Hanks (Absent)
Crystal Hudson (Affirmative)
Francisco P. Moya (Affirmative)
Kevin C. Riley (Affirmative)
Pierina Ana Sanchez (Affirmative)

Approved by Council December 18, 2025

Votes 47:0:1
Adrienne E. Adams (Affirmative)
Diana I. Ayala (Affirmative)
Shaun Abreu (Affirmative)
Joann Ariola (Affirmative)
Alexa Avilés (Affirmative)
Chris Banks (Affirmative)
Erik D. Bottcher (Affirmative)
Justin L. Brannan (Affirmative)
Gale A. Brewer (Affirmative)
Selvena N. Brooks-Powers (Affirmative)
Tiffany L. Cabán (Affirmative)
David M. Carr (Absent)
Carmen N. De La Rosa (Affirmative)
Eric Dinowitz (Affirmative)
Harvey D. Epstein (Affirmative)
Amanda C. Farías (Affirmative)
Simcha Felder (Affirmative)
Oswald J. Feliz (Affirmative)
James F. Gennaro (Affirmative)
Jennifer Gutiérrez (Affirmative)
Shahana K. Hanif (Affirmative)
Kamillah Hanks (Absent)
Robert F. Holden (Affirmative)
Crystal Hudson (Affirmative)
Rita C. Joseph (Affirmative)
Shekar Krishnan (Affirmative)
Linda Lee (Affirmative)
Farah N. Louis (Affirmative)
Kristy Marmorato (Affirmative)
Christopher Marte (Affirmative)
Darlene Mealy (Negative)
Julie Menin (Affirmative)
Frank Morano (Affirmative)
Francisco P. Moya (Affirmative)
Mercedes Narcisse (Affirmative)
Sandy Nurse (Affirmative)
Chi A. Ossé (Affirmative)
Vickie Paladino (Affirmative)
Keith Powers (Affirmative)
Lincoln Restler (Affirmative)
Kevin C. Riley (Affirmative)
Yusef Salaam (Affirmative)
Rafael Salamanca, Jr. (Affirmative)
Pierina Ana Sanchez (Affirmative)
Lynn C. Schulman (Affirmative)
Althea V. Stevens (Affirmative)
Sandra Ung (Affirmative)
Inna Vernikov (Affirmative)
Nantasha M. Williams (Affirmative)
Julie Won (Affirmative)
Susan Zhuang (Absent)