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Bill

A 6889

Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit

2025 Regular Session Introduced by Chris Burdick

Directs NY DHCR to promulgate formal LIHTC rules, shaping how credits are allocated, monitored, and reported, affecting developers, sponsors, and potential tenants.

REFERRED TO HOUSING
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WeVote Research Nonpartisan
Bill Summary · A 6889

Summary of Bill A 6889 (New York)

Overview

Bill A 6889 would authorize and direct the commissioner of the New York State Division of Housing and Community Renewal (DHCR) to promulgate rules and regulations relating to the low-income housing tax credit (LIHTC) program in New York. The bill seeks to establish a formal rulemaking framework governing how the LIHTC program is administered in the state.

  • Bill number: A 6889
  • Title: Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit
  • Sponsor: Chris Burdick (primary)
  • Introduced: March 18, 2025
  • Status: REFERRED TO HOUSING

What the bill would do

  • Directs DHCR’s commissioner to promulgate rules and regulations implementing or governing the LIHTC program in New York.
  • The bill does not detail specific policy changes within the LIHTC program; instead, it anchors a rulemaking process to establish the substantive standards, procedures, and requirements through formal regulations.

Key provisions and potential areas of regulation (to be determined through rulemaking)

Because the bill itself specifies only the directive to promulgate rules, the exact contents of the regulations would be set during the rulemaking process. Expected areas that such regulations typically address (though not enumerated in the bill) may include:
- Allocation procedures and priorities for LIHTC credits
- Eligibility criteria for projects and sponsors
- Compliance, monitoring, and reporting requirements
- Credit calculation, claiming, and recapture rules
- Application timelines and submission requirements
- Tenant income and rent restrictions alignment
- Fair housing and nondiscrimination considerations
- Recordkeeping, audits, and enforcement mechanisms

Note: The above areas are common components of LIHTC rulemaking and are not explicitly stated in the text of A 6889. The actual regulatory provisions will be determined through the formal rulemaking process.

Who would be affected

  • LIHTC project developers, sponsors, and owners seeking or using the credit
  • Nonprofit organizations involved in affordable housing development
  • DHCR (state housing agency) and its oversight/administrative processes
  • Prospective tenants and residents in LIHTC-funded properties
  • Local governments and housing authorities coordinating with DHCR on LIHTC projects

Procedural and timeline aspects

  • Introduced and referred to the Housing Committee on March 18, 2025
  • Status shows: REFFERED TO HOUSING (process in the committee stage)
  • The bill would initiate a rulemaking process; the timeline for promulgation would occur after approval, public notice, and potential comment periods typical of New York State rulemaking (not specified in the bill).

Legislative context

  • Related bills: A 10424 (prior-session) and S 5002 (companion)
  • The presence of companion and related bills suggests ongoing interest in LIHTC policy and administration reform in both the Assembly and Senate.

Potential impact and considerations

  • Could standardize and formalize how NY's LIHTC program is administered, potentially increasing transparency and consistency.
  • The scale of impact will depend on the final regulatory framework, once rules are promulgated.
  • Stakeholders should monitor the rulemaking process for opportunities to comment and influence final regulations.

Next steps

  • If passed, DHCR would initiate formal rulemaking to draft and adopt LIHTC regulations.
  • Public notices, comment periods, and possible hearings would shape the final regulatory framework.
  • Legislative actions on A 6889 (e.g., amendments, votes) would determine whether rulemaking proceeds.

Compiled from official sources — confirm details with the bill’s official record.

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