Establishes the homeowner protection program; provides that the department of law shall establish the homeowner protection program to ensure the availability of free housing counseling and legal services to homeowners for the purposes of mitigating threats to homeownership; provides that the department of law shall provide grants to eligible not-for-profit housing counseling organizations and legal services organizations to provide services under the program.
Impact
The introduction of A01625 is expected to significantly influence state laws governing property rights and homeowner support mechanisms. By formalizing a structure for legal assistance and counseling specifically targeting at-risk homeowners, the bill seeks to mitigate the negative impacts associated with housing instability. It also emphasizes the need for community-based organizations to play a pivotal role in assisting individuals who may otherwise lack the resources to navigate legal complexities related to homeownership threats.
Summary
A01625 aims to establish a homeowner protection program through the Department of Law in New York. This program is designed to offer free housing counseling and legal services to homeowners facing threats to their homeownership. The primary objectives include tackling issues such as foreclosure prevention, preserving home equity, and safeguarding homeowners from scams and predatory lending practices, particularly in communities of color. The bill mandates that the department provides grants to eligible non-profit housing counseling and legal services organizations, ensuring a support system is available in various counties throughout the state.
Contention
While the bill itself represents a proactive approach to homeowner protection, it may encounter contention regarding the allocation of state resources and the criteria for grant distribution. Critics could argue that the reliance on non-profit organizations might lead to inconsistent quality of services and could create disparities in access to assistance based on geographical or socio-economic factors. Additionally, as the bill encourages the reporting of services provided under these grants, there may be concerns around the monitoring and accountability of the organizations involved, which is essential for maintaining integrity in the program.
Same As
Establishes the homeowner protection program; provides that the department of law shall establish the homeowner protection program to ensure the availability of free housing counseling and legal services to homeowners for the purposes of mitigating threats to homeownership; provides that the department of law shall provide grants to eligible not-for-profit housing counseling organizations and legal services organizations to provide services under the program.
Establishes the homeowner protection program; provides that the department of law shall establish the homeowner protection program to ensure the availability of free housing counseling and legal services to homeowners for the purposes of mitigating threats to homeownership; provides that the department of law shall provide grants to eligible not-for-profit housing counseling organizations and legal services organizations to provide services under the program.
Establishes the homeowner protection program; provides that the department of law shall establish the homeowner protection program to ensure the availability of free housing counseling and legal services to homeowners for the purposes of mitigating threats to homeownership; provides that the department of law shall provide grants to eligible not-for-profit housing counseling organizations and legal services organizations to provide services under the program.
Creates a pilot program to encourage homeownership among persons and groups who are currently underrepresented in homeownership and/or have seen a marked decline in rates of homeownership over the last decade; provides for the repeal of such provisions upon the expiration thereof.
Establishes the New York state diplomas to homeownership assistance program; provides awards of up to fifteen thousand dollars to eligible applicants for repayment on student loans; makes an appropriation therefor.
Relates to protections for homeowners in the event of tax lien foreclosure; establishes notice and hearing requirements and a homeowners bill of rights.
Enacts the residential structure fire prevention act; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides an insurance discount for the installation of smoke detecting alarm devices in cock lofts; provides that the repair of cock lofts for the purpose of fire prevention and safety shall be qualifying expenditures under state housing programs.
Enacts the residential structure fire prevention act; provides a tax credit to homeowners who remove cock loft fire hazards in their homes; provides an insurance discount for the installation of smoke detecting alarm devices in cock lofts; provides that the repair of cock lofts for the purpose of fire prevention and safety shall be qualifying expenditures under state housing programs.