1121 – Definitions.
§ 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 receiving assistance under this article, will be owned as a cooperative by the […]
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-F – Project Operation and Management; Rent Structure; Tenant Selection.
§ 1106-f. Project operation and management; rent structure; tenant selection. The eligible owner shall enter into an agreement with the corporation which provides that the eligible owner of such project shall: 1. operate and manage such project as a rental building which is used for other than transient occupancy; 2. structure rent levels in such […]
1106-G – Adjustment of Rents; Income Verification.
§ 1106-g. Adjustment of rents; income verification. Notwithstanding any other provision of law, no grants or loans shall be provided pursuant to this article unless an eligible owner has agreed to require the tenants and occupants residing in the housing project or projects to submit an annual income affidavit as prescribed by the corporation, together […]
1102 – Cooperative or Condominium, Homesteading and Rental Contracts.
§ 1102. Cooperative or condominium, homesteading and rental contracts. 1. Within the limit of funds available in the housing trust fund account, the corporation is hereby authorized to enter into contracts with eligible applicants for the furnishing by such applicants of housing for persons of low income. Each such contract shall provide that eligible applicants […]
1103 – General and Administrative Provisions.
§ 1103. 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 the eligibility of applicants for payments, grants and loans under this article; funding criteria and the funding determination process; supervision and evaluation of contracting applicants; […]
1106 – Legislative Findings and Declarations.
§ 1106. Legislative findings and declarations. The legislature hereby finds and declares that there is a serious shortage of decent affordable housing in the state for persons of low income; that the cost of providing such housing without public participation and assistance is prohibitively high; that programs operated by municipal housing authorities and municipalities have […]
1106-A – Definitions.
§ 1106-a. Definitions. For purposes of this article, the following terms shall have the following meanings: 1. “Corporation” means the housing trust fund corporation established by section forty-five-a of this chapter. 2. “Turnkey/enhanced rental project” or “project” means a vacant property which is converted or rehabilitated to residential rental use, a newly constructed rental project […]
1106-B – Low Income Turnkey/enhanced Housing Trust Fund Program Established.
§ 1106-b. Low income turnkey/enhanced housing trust fund program established. There is hereby established within the housing trust fund corporation a low income turnkey/enhanced housing trust fund program. Within the limit of funds available for this purpose in the turnkey/enhanced housing account, the corporation is hereby authorized to enter into contracts to provide grants or […]
1106-C – Request for Proposals.
§ 1106-c. Request for proposals. The corporation, pursuant to a request for proposals, shall not provide grants or loans under this article except to an eligible applicant which has submitted an application in consultation with the eligible owner or owners, which contains: 1. a development timetable acceptable to the corporation that shall include the projected […]