§ 1280. Legislative findings and purpose. The state of New York, through the housing trust fund corporation, is empowered to finance the purchase, acquisition, holding or conversion of distressed hotels and commercial office properties for use as affordable permanent housing that meets standards established to ensure safety, habitability, quality, and access to supportive services as […]
§ 1281. Definitions. For the purposes of this article, the following terms shall have the following meanings: 1. “Corporation” shall mean the housing trust fund corporation established pursuant to section forty-five-a of this chapter. 2. “Appropriate nonprofit organization” shall mean a not-for-profit corporation formed pursuant to the not-for-profit corporation law and exempt pursuant to section […]
§ 1282. Housing our neighbors with dignity program. 1. Establishment. Subject to amounts available by appropriation therefor, the corporation shall develop a housing our neighbors with dignity program (hereinafter referred to as “the program”), which shall provide a mechanism for the state to finance the acquisition and/or conversion of distressed hotels and commercial office properties […]
