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, […]
1170 – Statement of Legislative Findings and Purposes.
§ 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 that it is the purpose of this article to coordinate activities […]
1122 – Manufactured Home Cooperative Fund Contracts.
§ 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 establish manufactured home park cooperatives through acquisition or infrastructure improvement or both. 2. […]
1106-H – Real Property Tax Exemption.
§ 1106-h. Real property tax exemption. 1. The local legislative body of any city, town or village is hereby authorized and empowered to adopt and amend a local law to provide that all or any portion of the value of the property included in a turnkey/enhanced rental project which represents an increase over the assessed […]
1106-I – General and Administrative Provisions of This Article.
§ 1106-i. General and administrative provisions of this article. 1. The corporation shall provide for the review, at periodic intervals at least annually, of the performance of eligible applicants to the extent applicable and eligible owners under contract pursuant to this article. Such review shall, among other things, be for the purposes of ascertaining conformity […]
1106-J – Liability on Obligations.
§ 1106-j. Liability on obligations. 1. Except for obligations which the corporation assumes by contract for the construction, rehabilitation and development period of any project, neither the corporation, the New York state housing finance agency nor the state shall have any responsibility or liability as to construction, rehabilation, operation, maintenance, repair or use of projects […]
1110 – Statement of Legislative Findings and Purpose.
§ 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 and preservation of neighborhoods and communities. The legislature further finds that persons […]
1111 – Definitions.
§ 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 incorporated pursuant to article eleven of this chapter, […]
1112 – Affordable Home Ownership Development Contracts.
§ 1112. Affordable home ownership development contracts. 1. Within the limit of funds available in the affordable housing development account, the corporation is hereby authorized to enter into contracts with eligible applicants to provide grants which such applicants shall use to finance affordable home ownership development programs subject to the terms and conditions of this […]
1113 – General and Administrative Provisions.
§ 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; funding criteria and the funding determination process; supervision and evaluation of the contracting grantees; reporting, budgeting and recordkeeping […]