§ 478. Source of funds. A municipality may utilize federal grant funds, state grant funds or any municipal funds to make loans and to provide interest reduction subsidies pursuant to this article.
N.Y. Private Housing Finance Law § 478, under Loans to Owners of One to Four Unit Private and Multiple Dwellings.
N.Y. Private Housing Finance Law § 478
§ 478. Source of funds. A municipality may utilize federal grant funds, state grant funds or any municipal funds to make loans and to provide interest reduction subsidies pursuant to this article.