§ 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 for homeowners residing in manufactured home parks, wherein there is the potential […]
§ 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. 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. […]
§ 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 this article; funding criteria and the funding determination process; supervision and evaluation of contracting applicants; […]
