New York Assembly Bill A07380

New York 2025-2026 Regular Session

• Introduced: 3/25/25
• Refer: 3/25/25
• Refer: 1/7/26

Caption

Sets standards for advertising deeply affordable housing.

Impact

The introduction of this bill is expected to have significant implications on how housing units are marketed and the responsibilities of entities involved in the promotion of affordable housing. By defining what constitutes 'deeply affordable housing,' the bill creates a legal framework that stakeholders must adhere to when marketing these units. This change will likely benefit low-income families seeking housing, as it aims to prevent misrepresentation of the affordability of housing options available in the market.

Summary

Assembly Bill A07380 proposes to establish standards for advertising housing units as 'deeply affordable.' Specifically, it stipulates that a housing unit can only be labeled as deeply affordable if it is priced for households making sixty percent or less of the area median income, as defined by the U.S. Department of Housing and Urban Development. This bill aims to promote transparency in the housing market and protect vulnerable populations from misleading advertising practices regarding housing affordability.

Contention

Notable points of contention regarding A07380 stem from concerns about the potential impact on the housing market and developers. Some critics argue that stringent advertising standards could deter developers from engaging in projects targeting low-income households, fearing liabilities associated with false advertising claims. Additionally, questions arise about how these standards will be enforced and whether they will adequately protect consumers without imposing excessive burdens on housing providers.