§ 1230. Statement of legislative findings and purpose. The legislature finds and declares that there exists in New York state a serious need to assist communities with the creation and improvement of affordable housing, and the commercial, retail and community facilities related to mixed use affordable residential developments. Locally based not-for-profit organizations play a significant […]
§ 1231. Definitions. 1. “Corporation” shall mean the housing trust fund corporation established in section forty-five-a of this chapter. 2. “Rural and urban community investment fund program” shall mean activities by an eligible applicant for a specific work or series of works for the creation, preservation or improvement of affordable housing, or the creation, preservation […]
§ 1232. Rural and urban community investment fund. 1. Within amounts appropriated or otherwise available therefor, the housing trust fund corporation shall develop and administer a rural and urban community investment fund program which shall provide assistance in the form of payments, grants and loans for reasonable and necessary expenses, to an eligible applicant for […]
