Establishes the New York state first home savings program to authorize first time home buyers to establish savings accounts to buy their first home

Summary

The bill establishes the New York State First Home Savings Program, allowing eligible first‑time buyers to open dedicated accounts for saving toward a home. It sets rules for who can open an account, how the accounts are managed, and links them to existing state tax incentives. The purpose is to encourage residents to save for homeownership within the state.

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