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, subject to the approval of the supervising agency, may borrow funds and secure the repayment thereof by bond and mortgage or by an issue of bonds under a trust indenture. Each mortgage or issue of bonds of a redevel…

§ 111-a. Participation by certain corporations and individuals. Any bank, savings bank, savings institution, savings and loan association, trust company, insurance company or association, or fiduciary authorized to invest in mortgages and mortgage bonds of a redevelopment compan…

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

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

§ 1111. Definitions. 1. "Home" shall mean a one to four family dwelling which has at least one owner occupant or an owner occupied unit in a cooperative or a condominium. 2. "Eligible applicant" shall mean a city, a town, a village, a housing development fund company incorporate…

§ 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 shall issue and promulgate rules and regulations for the administration of this article. The rules and regulations shall include provisions concerning eligibility of grantees for state financial assistance; fundin…

§ 112. Limitations. In addition to limitations prescribed by this article a redevelopment company shall not have power to: 1. Acquire any real property or interest therein for a project or projects unless the supervising agency and the local legislative body determine as provide…

§ 112-a. Redevelopment loans. Notwithstanding any provision of section one hundred eleven or one hundred twelve of this article to the contrary, where a redevelopment company undergoes a comprehensive redevelopment plan, the supervising agency may approve a loan and encumbrance …

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

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

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

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

§ 113. Use of projects. The project or projects of any redevelopment company shall be designed and used primarily for housing purposes, but portions of the project may be planned and used for business, commercial, cultural or recreational purposes appurtenant thereto as approved…

§ 1130. Statement of legislative findings and purpose. The legislature hereby finds and declares that there exists throughout the state a serious shortage of affordable housing and that the cost of infrastructure improvements, such as sewer, water and utility lines, increases th…

§ 1131. Definitions. 1. "Eligible applicant" shall mean a public benefit corporation, not-for-profit corporation or charitable organization whose purpose includes the construction or rehabilitation of affordable housing or a municipality. 2. "Infrastructure improvements" shall m…

§ 1132. Infrastructure development contracts. 1. The agency is hereby authorized, within the amounts appropriated, to enter into contracts with eligible applicants to provide funds for infrastructure improvements which are necessary for and will reduce the cost of the new constr…

§ 1133. General and administrative provisions. 1. The agency shall issue and promulgate rules and regulations for the administration of this article. The rules and regulations shall include provisions concerning eligibility of applicants for grants under this article; funding cr…

§ 114. Procedure for submission and approval of plan or project. Every plan or plan of a project proposed by a redevelopment company shall contain a general description of the area to be redeveloped and a statement of the plan of redevelopment with such detail of information wit…

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

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

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

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

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

§ 116. Transfer of real property to redevelopment company. Notwithstanding any requirement of law to the contrary or the absence of direct provision therefor in the instrument under which a fiduciary is acting, every executor, administrator, trustee, guardian or other person, ho…

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

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

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

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

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

§ 1174. General and administrative provisions. 1. The division shall issue and promulgate rules and regulations for the administration of this article. The rules and regulations shall include provisions concerning reporting, budgeting and recordkeeping requirements; provision fo…

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

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

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

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

§ 120-a. State supervision and regulation. A municipality with a population of less than one million may, by action of its local legislative body concurred in by the commissioner, provide for the supervision and regulation of a project and the redevelopment company carrying out …

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

§ 1201. Definitions. As used in this article: 1. "Corporation" shall mean the housing trust fund corporation established in section forty-five-a of this chapter. 2. "Eligible applicant" shall mean a city, town, village or not-for-profit corporation in existence for a period of o…

§ 1202. Access to home contracts. 1. Within the limit of funds available in the access to home program, the corporation is hereby authorized to enter into contracts with eligible applicants to provide financial assistance for the actual costs of an access to home program. Such c…

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

§ 121. Sinking fund. Unless other provision be made therefor in the contract with the municipality, the supervising agency, if it shall deem it feasible at any time, subject to the limitation contained in section one hundred seven of this article, may require a redevelopment com…

§ 122. Transfer of title or foreclosure of project. 1. Until the termination of the tax exemption, whether by expiration or by any other cause, a redevelopment company, heretofore or hereafter organized, shall not have power to sell the real property constituting the project or …

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

§ 1221. Definitions. As used in this article: 1. "Corporation" shall mean the housing trust fund corporation established in section forty-five-a of this chapter. 2. "Eligible applicant" shall mean a unit of local government or not-for-profit corporation in existence for a period…

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

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

§ 1230. Statement of legislative findings and purpose. The legislature finds and declares that there exists in New York state a serious need to assist communities with the creation and improvement of affordable housing, and the commercial, retail and community facilities related…