Bill Title: Establishes a reverse loan mortgage loan program for seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counseling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

Spectrum: Moderate Partisan Bill (Democrat 7-2)

Status: (Introduced - Dead) 2024-01-03 - referred to housing [A01582 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Jo Simon [D]	Primary	Sponsored Bills	HD-052	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Jaime Williams [D]	Cosponsor	Sponsored Bills	HD-059	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Colton [D]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Juan Ardila [D]	Cosponsor	Sponsored Bills	HD-037	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Joseph DeStefano [R]	Cosponsor	Sponsored Bills	HD-003	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Joseph Giglio [R]	Cosponsor	Sponsored Bills	HD-148	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Vivian Cook [D]	Primary	Sponsored Bills	HD-032	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Alicia Hyndman [D]	Primary	Sponsored Bills	HD-029	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Karines Reyes [D]	Primary	Sponsored Bills	HD-087	FollowTheMoney	Ballotpedia	VoteSmart

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