1201 – Definitions.
§ 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 one or more years prior to application, which is, or will be at […]
1202 – Access to Home Contracts.
§ 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. The financial assistance shall be either in the form of […]
1130 – Statement of Legislative Findings and Purpose.
§ 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 the cost of providing such housing. The legislature therefore determines that a demonstration program […]
1131 – Definitions.
§ 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 mean the installation or upgrading of water and sewer lines to a public connection, the installation or upgrading of private wells […]
1132 – Infrastructure Development Contracts.
§ 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 construction or rehabilitation of affordable housing projects. Such contracts shall provide for grants by the […]
1133 – General and Administrative Provisions.
§ 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 criteria and funding determination process; evaluation of contracting applicants; provisions for modification and termination of contracts; […]
1150 – Statement of Legislative Findings and Purposes.
§ 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 private enterprise cannot provide such accommodations. The legislature further finds and […]
1151 – Definitions.
§ 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 area because of neighborhood […]
1152 – Affordable Housing Development Loans.
§ 1152. Affordable housing development loans. 1. 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 for the construction of eligible projects. Such loans may include […]
1153 – General Provisions.
§ 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 judgement shall not affect, impair or invalidate the remainder thereof, […]