S2389

The New York State Senate passed legislation sponsored by Sen. Myrie to amend the Real Property Actions and Proceedings Law on a 41-20 vote, with the measure taking effect 120 days after becoming law. The bill, which addresses property blight, drew criticism from Sen. Borrello and other Republicans who warned it could reduce the number of mortgage lenders operating in the state and increase borrowing costs for homebuyers. Sen. Borrello, citing his 10 years in county government, argued the measure would exacerbate New York's housing crisis by limiting access to affordable mortgages and reducing lender choice, ultimately harming lower-income families' ability to achieve homeownership and build generational wealth. Despite the concerns raised, the Democratic-controlled chamber voted to advance the bill with support from 41 senators, while 20 senators voted in opposition.

The Senate passed legislation sponsored by Sen. Myrie to amend the Real Property Actions and Proceedings Law on a 40-22 vote. The bill, designated Calendar Number 360 and Senate Print 2389, takes effect 120 days after becoming law. The measure drew opposition from 22 senators, primarily from the Republican conference, including Sens. Ashby, Borrello, Canzoneri-Fitzpatrick, Felder, Gallivan, Griffo, Helming, Lanza, Martins, Mattera, Murray, Oberacker, O'Mara, Ortt, Palumbo, Rhoads, Rolison, Stec, Tedisco, Walczyk, Weber and Weik. No floor debate was recorded on the measure prior to the roll call vote.