Assembly BillIntroduced
A 7433: Provides for preferences under the affordable home ownership development program for service related disabled veterans.
What A 7433 does, verified January 8, 2026
The bill aims to provide preferential treatment under the Affordable Home Ownership Development Program for service-related disabled veterans. It amends the Private Housing Finance Law to give preference to households where the home buyer is a service-related disabled veteran. To qualify, the individual must have served in the military under honorable conditions, have a disability rating of 40% or higher from the federal government, and the disability was incurred in line of duty. The preference will be granted to households in which the home buyer is a service-related disabled veteran, in addition to serving the lowest income households. The changes will take effect on the 30th day after the bill becomes a law.
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 7433
- What is the current status of A 7433?
- As of January 8, 2026, A 7433 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 7433 pass?
- Not yet. A 7433 has been introduced and has not passed either house.
- Who wrote A 7433, and where is it now?
- A 7433 was authored by Asm. Stephen Hawley 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. 27, 2025 | referred to housing |
Latest bill textIntroduced version, March 27, 2025 · 328 words
STATE OF NEW YORK ________________________________________________________________________ 7433 2025-2026 Regular Sessions IN ASSEMBLY March 27, 2025 ___________ Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to prefer- ences under the affordable home ownership development program for service related disabled veterans The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (a) of subdivision 3 of section 1112 of the 2 private housing finance law, as amended by chapter 898 of the laws of 3 1986, is amended to read as follows: 4 (a) Serve the lowest income households in the applicable region and is 5 designed to continue to be affordable to such households for a substan- 6 tial period of time[.] or serve households in which the home buyer is a 7 service related disabled veteran. 8 For purposes of this section, "service related disabled veteran" shall 9 mean a person (i) who served in the active military, naval, or air 10 service, or who was a recipient of the armed forces expeditionary medal, 11 navy expeditionary medal, marine corps expeditionary medal, or global 12 war on terrorism expeditionary medal, and who was discharged or released 13 therefrom under honorable conditions, (ii) has been awarded a disability 14 rating of forty percent or higher from the federal veteran's adminis- 15 tration or from the United States department of defense, where that 16 disability was incurred in line of duty in the active military, naval or 17 air service, as documented according to rules and regulations to be 18 promulgated by the division. 19 § 2. This act shall take effect on the thirtieth day after it shall 20 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02547-01-5
Text of A 7433 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions