Assembly BillIntroduced
A 6695: Amends the low income housing tax credit eligibility requirement to at least sixty percent of residential units be both rent-restricted and occupied by individuals whose income is one hundred twenty-five percent or less of area median gross income.
What A 6695 does, verified January 8, 2026
The bill aims to modify the public housing law to improve low-income housing tax credit eligibility. It would disregard the 20-50 test and instead use a 40-60 test, requiring at least 40% of residential units to be rent-restricted and occupied by individuals with income at or below 60% of area median gross income. The bill also introduces a new 60-125 test, allowing for more flexibility in determining eligibility. Additionally, the bill clarifies the definition of a qualified basis for an eligible low-income building, stating it can be either the qualified basis determined under the internal revenue code or the amount that would be determined if the new test applied. The bill takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to housing (2026-01-07)Alert me
Quick answers about A 6695
- What is the current status of A 6695?
- As of January 8, 2026, A 6695 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to housing".
- Did A 6695 pass?
- Not yet. A 6695 has been introduced and has not passed either house.
- Who wrote A 6695, and where is it now?
- A 6695 was authored by Asm. Latrice Walker with 2 coauthors. Its committee of record is Assembly Housing.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to housing |
| Mar. 06, 2025 | referred to housing |
Latest bill textIntroduced version, March 7, 2025 · 292 words
STATE OF NEW YORK ________________________________________________________________________ 6695 2025-2026 Regular Sessions IN ASSEMBLY March 7, 2025 ___________ Introduced by M. of A. WALKER, DAVILA, SIMON -- read once and referred to the Committee on Housing AN ACT to amend the public housing law, in relation to low income hous- ing tax credit eligibility The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (b) of subdivision 5 and subdivision 6 of section 2 21 of the public housing law, as added by section 1 of part CC of chap- 3 ter 63 of the laws of 2000, are amended to read as follows: 4 (b) would be a qualified low-income building under such section if the 5 20-50 test specified in subsection (g)(1) of such section were disre- 6 garded and the 40-60 test specified in such subsection (requiring that 7 at least forty percent of residential units be both rent-restricted and 8 occupied by individuals whose income is sixty percent or less of area 9 median gross income) were a [40-90] 60-125 test. 10 6. "Qualified basis" of an eligible low-income building means the 11 qualified basis of such building determined under section 42(c) of the 12 internal revenue code, or which would be determined under such section 13 if the [40-90] 60-125 test specified in paragraph (b) of subdivision 14 five of this section applied under such section 42 to determine if such 15 building were part of a qualified low-income housing project. 16 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06811-01-5
Text of A 6695 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions