Title PVH, Private Housing Finance

§ 1106-h. Real property tax exemption. 1. The local legislative body\nof any city, town or village is hereby authorized and empowered to adopt\nand amend a local law to provide that all or any portion of the value of\nthe property included in a turnkey/enhanced rental project wh…

§ 1106-i. General and administrative provisions of this article. 1.\nThe corporation shall provide for the review, at periodic intervals at\nleast annually, of the performance of eligible applicants to the extent\napplicable and eligible owners under contract pursuant to this ar…

§ 1106-j. Liability on obligations. 1. Except for obligations which\nthe corporation assumes by contract for the construction, rehabilitation\nand development period of any project, neither the corporation, the New\nYork state housing finance agency nor the state shall have any\…

§ 111. Mortgages and mortgage bonds. Any redevelopment company,\nsubject to the approval of the supervising agency, may borrow funds and\nsecure the repayment thereof by bond and mortgage or by an issue of\nbonds under a trust indenture. Each mortgage or issue of bonds of a\nred…

§ 111-a. Participation by certain corporations and individuals. Any\nbank, savings bank, savings institution, savings and loan association,\ntrust company, insurance company or association, or fiduciary authorized\nto invest in mortgages and mortgage bonds of a redevelopment com…

§ 111-b. Mortgage modification provisions for redevelopment companies\nin cities with a population of one million or more. 1. For purposes of\nthis section, "restrictive agreement" shall mean a binding and\nirrevocable agreement between the redevelopment company and the\nsupervi…

§ 1110. Statement of legislative findings and purpose. The legislature\nhereby finds and declares that home ownership by persons of low and\nmoderate income has long been, and still is, an essential element of the\nstate's social economy, resulting in the development, stabilizat…

§ 1111. Definitions. 1. "Home" shall mean a one to four family\ndwelling which has at least one owner occupant or an owner occupied unit\nin a cooperative or a condominium.\n 2. "Eligible applicant" shall mean a city, a town, a village, a\nhousing development fund company incorp…

§ 1112. Affordable home ownership development contracts. 1. Within\nthe limit of funds available in the affordable housing development\naccount, the corporation is hereby authorized to enter into contracts\nwith eligible applicants to provide grants which such applicants shall\n…

§ 1113. General and administrative provisions. 1. The corporation\nshall issue and promulgate rules and regulations for the administration\nof this article. The rules and regulations shall include provisions\nconcerning eligibility of grantees for state financial assistance;\nfu…

§ 112. Limitations. In addition to limitations prescribed by this\narticle a redevelopment company shall not have power to:\n 1. Acquire any real property or interest therein for a project or\nprojects unless the supervising agency and the local legislative body\ndetermine as pr…

§ 112-a. Redevelopment loans. Notwithstanding any provision of section\none hundred eleven or one hundred twelve of this article to the\ncontrary, where a redevelopment company undergoes a comprehensive\nredevelopment plan, the supervising agency may approve a loan and\nencumbra…

§ 1120. Statement of legislative intent. The legislature hereby finds\nand declares that the shortage of decent affordable housing for persons\nof low and moderate income remains significant and must be addressed in\nnew and innovative ways; that a particular housing problem exi…

§ 1121. Definitions. For the purposes of this article:\n 1. "Agency" shall mean the New York state housing finance agency\ncreated by section forty-three of this chapter.\n 2. "Cooperative project" or "project" shall mean any manufactured home\npark property which, subsequent to…

§ 1122. Manufactured home cooperative fund contracts. 1. Within the\nlimit of funds available in the manufactured home cooperative fund, the\nagency is hereby authorized to enter into contracts with eligible\napplicants to provide loans which such eligible applicants shall use t…

§ 1123. General and administrative provisions. 1. The agency may issue\nand promulgate rules and regulations for the administration of this\narticle. The rules and regulations shall include provisions concerning\nthe eligibility of applicants for payments, grants and loans under…

§ 113. Use of projects. The project or projects of any redevelopment\ncompany shall be designed and used primarily for housing purposes, but\nportions of the project may be planned and used for business,\ncommercial, cultural or recreational purposes appurtenant thereto as\nappr…

§ 1130. Statement of legislative findings and purpose. The legislature\nhereby finds and declares that there exists throughout the state a\nserious shortage of affordable housing and that the cost of\ninfrastructure improvements, such as sewer, water and utility lines,\nincrease…

§ 1131. Definitions. 1. "Eligible applicant" shall mean a public\nbenefit corporation, not-for-profit corporation or charitable\norganization whose purpose includes the construction or rehabilitation\nof affordable housing or a municipality.\n 2. "Infrastructure improvements" sh…

§ 1132. Infrastructure development contracts. 1. The agency is hereby\nauthorized, within the amounts appropriated, to enter into contracts\nwith eligible applicants to provide funds for infrastructure\nimprovements which are necessary for and will reduce the cost of the new\nco…

§ 1133. General and administrative provisions. 1. The agency shall\nissue and promulgate rules and regulations for the administration of\nthis article. The rules and regulations shall include provisions\nconcerning eligibility of applicants for grants under this article;\nfundin…

§ 114. Procedure for submission and approval of plan or project.\nEvery plan or plan of a project proposed by a redevelopment company\nshall contain a general description of the area to be redeveloped and a\nstatement of the plan of redevelopment with such detail of information\…

§ 115. Limitation on changes. It shall be unlawful during the period\nof tax exemption, granted pursuant to section one hundred twenty-five of\nthis article, for any redevelopment company or any successor in interest\nto its title to a project or any part thereof to change or mo…

§ 1150. Statement of legislative findings and purposes. It is hereby\nfound and declared that there exists in the city of New York a seriously\ninadequate supply of safe, sanitary and affordable dwelling\naccommodations for persons and families for whom the ordinary operations\n…

§ 1151. Definitions. 1. "Eligible site" shall mean any real property\nin the city of New York which the agency determines to be located in an\narea which is blighted or deteriorated or has a blighting influence on\nthe surrounding area or is in danger of becoming a slum or bligh…

§ 1152. Affordable housing development loans. 1. (a) Notwithstanding\nthe provisions of any general, special or local law, one or more private\nlenders and the city of New York, acting through the agency, shall have\nthe power to participate and invest in making loans to sponsor…

§ 1153. General provisions. 1. The agency shall issue and promulgate\nrules and regulations for the administration of this article.\n 2. If any clause, sentence, paragraph, section or part of this act\nshall be adjudged by any court of competent jurisdiction to be invalid,\nsuch…

§ 116. Transfer of real property to redevelopment company.\nNotwithstanding any requirement of law to the contrary or the absence of\ndirect provision therefor in the instrument under which a fiduciary is\nacting, every executor, administrator, trustee, guardian or other\nperson…

§ 117. Rules and regulations. The planning commission and the\nsupervising agency, respectively, shall have power to make rules and\nregulations to carry out their powers and duties pursuant to this\narticle and to effectuate the purposes thereof.\n

§ 1170. Statement of legislative findings and purposes. The\nlegislature hereby finds and declares that it is in the best interest of\nthe state to authorize participation in programs created by the federal\ngovernment pursuant to the national affordable housing act of 1990 and\…

§ 1171. Definitions. As used in this article: 1. "NAHA" shall mean the\nnational affordable housing act, 42 U.S.C. 12701-12839.\n 2. "HOME program" shall mean subtitle A of title II of the national\naffordable housing act.\n 3. "Division" shall mean the division of housing and c…

§ 1172. The New York state HOME program. 1. Agreements. (a) Within\nthe limit of HOME program funds, the division is hereby authorized to\ntake administrative actions necessary to comply with HUD requirements\nand consistent with the provisions of this article in order to enter\…

* § 1173. Gap communities. Notwithstanding the provisions of section\neleven hundred seventy-two of this article the division may award funds\nto one or more localities, whose allocations of HOME program funds from\nthe federal government are insufficient for such to become a\np…

§ 1174. General and administrative provisions. 1. The division shall\nissue and promulgate rules and regulations for the administration of\nthis article. The rules and regulations shall include provisions\nconcerning reporting, budgeting and recordkeeping requirements;\nprovisio…

§ 118. Fees. The supervising agency, the local legislative body and\nthe planning commission, if any, may each adopt a reasonable schedule of\nfees to be paid by redevelopment companies upon the filing with said\nsupervising agency, local legislative body or planning commission …

§ 119. Acquisition. A municipality may take property by acquisition\npursuant to the provisions of the eminent domain procedure law for a\nredevelopment company, provided the contract or contracts executed\npursuant to section one hundred fourteen contain a requirement that the\…

§ 12. Definitions. As used in this article, the following terms shall\nmean and include:\n 1. "Areas." A section of a municipality in which there is to be\nlocated a project approved by the municipality as provided in paragraph\n(a) of subdivision one and in subdivision five of …

§ 120. Regulation of redevelopment companies. The supervising agency\nshall:\n Examine each redevelopment company and keep informed as to its general\ncondition, its capitalization and the manner in which its property is\nconstructed, leased, operated or managed with respect to …

§ 120-a. State supervision and regulation. A municipality with a\npopulation of less than one million may, by action of its local\nlegislative body concurred in by the commissioner, provide for the\nsupervision and regulation of a project and the redevelopment company\ncarrying …

§ 1200. Statement of legislative findings and purpose. The legislature\nhereby finds and declares that there exists in New York state a serious\nneed for financial and technical resources to assist renters and\nproperty owners to make dwelling units accessible for low and modera…

§ 1201. Definitions. As used in this article:\n 1. "Corporation" shall mean the housing trust fund corporation\nestablished in section forty-five-a of this chapter.\n 2. "Eligible applicant" shall mean a city, town, village or\nnot-for-profit corporation in existence for a perio…

§ 1202. Access to home contracts. 1. Within the limit of funds\navailable in the access to home program, the corporation is hereby\nauthorized to enter into contracts with eligible applicants to provide\nfinancial assistance for the actual costs of an access to home program.\nSu…

§ 1203. Report. 1. The division of housing and community renewal shall\nissue an annual report on the access to home programs regarding certain\ndata and program progress for the previous year, provided that reporting\non paragraphs (e), (f) and (g) of this subdivision shall rel…

§ 121. Sinking fund. Unless other provision be made therefor in the\ncontract with the municipality, the supervising agency, if it shall deem\nit feasible at any time, subject to the limitation contained in section\none hundred seven of this article, may require a redevelopment …

§ 122. Transfer of title or foreclosure of project. 1. Until the\ntermination of the tax exemption, whether by expiration or by any other\ncause, a redevelopment company, heretofore or hereafter organized, shall\nnot have power to sell the real property constituting the project …

§ 1220. Statement of legislative findings and purpose. The legislature\nhereby finds and declares that there exists in New York state a serious\nneed for financial and technical resources to help communities with\ntheir efforts to preserve and revitalize main street and downtown…

§ 1221. Definitions. As used in this article:\n 1. "Corporation" shall mean the housing trust fund corporation\nestablished in section forty-five-a of this chapter.\n 2. "Eligible applicant" shall mean a unit of local government or\nnot-for-profit corporation in existence for a …

§ 1222. Main street contracts. 1. Within the limit of funds available\nin the main street program, the corporation is hereby authorized to\nenter into contracts with eligible applicants to provide financial\nassistance for the actual costs of a main street program. The financial…

§ 123. Dissolution. 1. After termination of any tax exemption granted\npursuant to section one hundred twenty-five of this article, whether by\nexpiration or by any other cause, or in the event that prior thereto the\nredevelopment company elects to pay to the municipality the t…

§ 1230. Statement of legislative findings and purpose. The legislature\nfinds and declares that there exists in New York state a serious need to\nassist communities with the creation and improvement of affordable\nhousing, and the commercial, retail and community facilities rela…