§ 800. Policy and purposes of article. It is hereby declared and found that there exists in municipalities in this state substandard and insanitary areas and neighborhoods characterized by undermaintained and deteriorating housing accommodations and under-utilized non-residential buildings and under-utilized vacant land. It is further found that there exists in such municipalities a diminishing and […]
§ 801. Definitions. As used in this article the following terms shall have the following meanings unless a different meaning clearly appears from the context: 1. “Agency” shall mean the office or agency of a municipality authorized to administer the expenditure of grants from the United States of America to assist community development activities and […]
§ 801-a. Application to certain garden-type maisonette dwelling projects. For purposes of this article an existing multiple dwelling shall be deemed to include any garden-type maisonette dwelling project consisting of a series of dwelling units which together and in their aggregate were arranged or designed to provide three or more apartments and are provided as […]
§ 802. Participation loans to owners. 1. Notwithstanding the provisions of any general, special or local law, one or more private investors and a municipality, acting through its agency, shall have the power to participate and invest in making loans to the owners of existing multiple dwellings or to the owners of non-residential property or […]
§ 803. Conditions precedent to making such loans. A municipality shall not participate in a loan pursuant to this article unless the agency finds that the area in which the existing multiple dwelling, non-residential property or vacant land is situated is a blighted, deteriorated or deteriorating area, or has a blighting influence on the surrounding […]
§ 804. Rentals. Notwithstanding the provisions of, or any regulation promulgated pursuant to, the emergency housing rent control law, the local emergency housing rent control act or local law enacted pursuant thereto, upon completion of the rehabilitation of an existing multiple dwelling, the construction of a new multiple dwelling or the conversion of non-residential property […]
§ 805. Participation of New York city housing development corporation. The New York city housing development corporation may participate with one or more private investors or with the city of New York or with both in making a loan pursuant to the provisions of this article. Where such corporation participates in making such a loan, […]
§ 806. Regulations. The agency may promulgate supplementary rules and regulations to carry out the provisions of this article.
