reglab/housing_qa huggingface dataset:
NY Priv Hous Fin L § 63 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 63 - Legislative Findings and Declaration.

§  63.  Legislative  findings  and declaration. The legislature hereby   finds and declares that many homeless families live in  overcrowded  and   often  dilapidated  welfare  hotels  in  cities with a population of one   million or more; that welfare hotel placements  are  expensive  and  yet   offer only minimal shelter services; and that while the state and cities   with  a  population of one million or more must continue to develop cost   effective alternatives to welfare hotels, ultimately  permanent  housing   is  the  only  real  answer to the homeless problem. It is further found   that absent development of more permanent housing, lengths  of  stay  in   temporary  shelters will continue to increase forcing an even more rapid   escalation in the welfare hotel population and the concomitant growth in   total state emergency shelter spending.The legislature further finds that the New York  state  infrastructure   trust  fund  provides a unique opportunity to increase permanent housing   for homeless families. The legislature therefore finds  that  the  state   should  dedicate  New York state infrastructure trust fund moneys to the   creation of permanent housing for families in cities with  a  population   of one million or more who are homeless or at risk of being homeless and   primarily  for families referred from hotels, motels or tier II shelters   for families; that such state funds shall be matched by an equal  amount   of  city  funding  and  that  the  city  of  New York in the most recent   homeless families plan submitted to the council of the city of New  York   by   the   human   resources  administration  has  proposed  to  provide   eighty-five million dollars for such  funding;  that  permanent  housing   projects  shall  be  constructed  or rehabilitated and sites selected in   accordance with a homeless families plan.The legislature further finds that the key elements of  such  projects   shall  be:  identification by the city of proposed project sites; review   by an advisory board of the sites proposed  by  the  city  in  order  to   identify  those  buildings  and  properties  that  can  be expeditiously   developed and produce the maximum number of units at the lowest cost per   unit; approval of recommended  sites  by  the  city;  administration  of   construction  or rehabilitation activities by the New York state housing   finance agency; and selection of a developer or  developers  to  design,   construct  or  rehabilitate  permanent  housing  projects  for  homeless   families.
NY Priv Hous Fin L § 64 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 64 - Definitions.

§  64.  Definitions. The following terms, whenever used or referred to   in this article, unless the context indicates otherwise, shall have  the   following meanings:1. "Agency" shall mean the New York state housing finance agency.2. "City" shall mean cities with a population of one million or more.3. "Eligible homeless families" shall mean in cities with a population   of  one  million  or  more  families  who  are  homeless  or who live in   temporary or transitional housing and are unable to secure permanent and   stable housing without special  assistance,  or  families  who  live  in   permanent  housing who are in danger of becoming homeless, or such other   categories of families at risk of being homeless as  determined  by  the   commissioner of social services or a social services district.4.  "Permanent  housing  for  homeless  families  site review advisory   board" or "board" shall mean the board referred to in section sixty-five   of this article.5. "Permanent housing project  for  homeless  families"  or  "project"   shall  mean  a  specific work or improvement, including lands, buildings   and improvements acquired, owned, constructed, renovated, rehabilitated,   managed or operated pursuant to this article,  and  such  incidental  or   appurtenant facilities as may be approved by the agency.6.  "Eligible  project  costs" shall mean the reasonable and necessary   cost  of  any  and  all  undertakings  for  planning,  financing,   land   acquisition,  demolition,  construction,  rehabilitation,  equipment and   site development, and such other expenses incurred in  relation  to  the   project  with  respect  to  units  to  be  occupied by eligible homeless   families as the agency may deem appropriate to effectuate  the  purposes   of this article.7. "State" shall mean the state of New York.
NY Priv Hous Fin L § 65 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 65 - Permanent Housing for Homeless Families Site Review Advisory Board.

§  65.  Permanent  housing  for homeless families site review advisory   board. 1. There is hereby created the  permanent  housing  for  homeless   families site review advisory board. The board will consist of the state   commissioner of housing and community renewal, the state commissioner of   social   services,   the  commissioner  of  the  department  of  housing   preservation and development of the city, the commissioner/administrator   of  the  human  resources  administration   of   the   city,   and   two   representatives  of  organizations  involved  in  providing housing. The   governor of the state and the mayor of the city shall each  appoint  one   of  the aforementioned representatives to the board. Any action taken by   the members shall require the affirmative vote  of  a  majority  of  the   members.  Any  member  who is not appointed by the governor or mayor may   select a designee from their respective departments  or  divisions.  Any   such designees shall have the power to attend and to vote at any meeting   of  the  board  from  which the member is absent with the same force and   effect as if the member were present and voting. Such designation  shall   be  by  written  notice  filed  with  the board. The designation of such   person shall continue until revoked at any time by written notice to the   board. Notwithstanding any  inconsistent  provisions  of  law,  general,   special  or  local, no officer or employee of the state, or of any civil   division thereof, or any public benefit corporation, shall be deemed  to   have  forfeited  or  shall  forfeit  his  or her office or employment by   reason of acceptance of membership on the board created by this section.2. In carrying out its duties under this article the board may request   the assistance of appropriate city and state  agencies,  public  benefit   corporations  and  public  authorities.  The  aforesaid agencies, public   benefit corporations and public authorities are  authorized  to  provide   such  assistance  within  their  respective  functions  as the board may   require.3. Notwithstanding any other provision of  law,  the  board  shall  be   authorized  to  let contracts in such manner as it deems appropriate and   to  execute  all   instruments   as   necessary   to   carry   out   its   responsibilities.  The board may contract with the agency to provide for   the reasonable and necessary expenses of the board.4. Moneys in the permanent housing for homeless families fund may  not   be used to pay for any administrative or other expenses of the agency or   board, provided however, that moneys in such fund may be used to pay for   eligible project costs.
NY Priv Hous Fin L § 65-B (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 65-B - Funds for Permanent Housing Projects for Homeless Families.

§  65-b.  Funds  for permanent housing projects for homeless families.   The agency is authorized to receive and administer funds provided by the   state and a city, as  well  as  grants-in-aid  and  gifts  of  real  and   personal  property,  including  money, from any source whatsoever, to be   used to develop permanent housing accommodations for  eligible  homeless   families.  In  carrying out its duties under this article the agency may   require the assistance of appropriate  city  and  state  departments  or   agencies,  public  benefit  corporations  and  public  authorities.  The   aforesaid departments, agencies, public benefit corporations and  public   authorities  are  authorized  to  provide  such  assistance within their   respective functions as the agency may require.
NY Priv Hous Fin L § 65-D (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 65-D - Selection of Developers.

§  65-d.  Selection  of developers. Following receipt by the agency of   proposals in response to such request, the  agency  shall  evaluate  the   proposals in consultation with appropriate city departments and agencies   and  recommend  to the mayor of the city for his approval developers who   are suitable and qualified to develop, design, construct or rehabilitate   one or more permanent housing projects for eligible  homeless  families.   The  agency is authorized to contract with any developer who is approved   by the mayor for the development, design, construction or rehabilitation   of such projects.
NY Priv Hous Fin L § 66 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 66 - Authorized Courses of Action.

§  66. Authorized courses of action. For each project, the agency will   review and approve or disapprove a final project description  containing   the  information  specified in section sixty-five-a of this article. The   final project description shall include  the  identity  of  the  project   owner.    After  consultation  with  the city and review of responses to   requests for proposals and within the limit of funds  available  in  the   permanent  housing  for  homeless  families fund, the agency shall award   such contracts as it deems appropriate to developers in order to provide   one or  more  projects  for  which  it  has  approved  a  final  project   description.  In  proceeding with a project, the agency is authorized to   take such  courses  of  action,  including,  but  not  limited  to,  the   following,  as  may  be  necessary  or  useful in enabling the agency to   accomplish its purposes:1. The developer may hold title to  the  project  during  development,   construction and rehabilitation;2.  In  order  to facilitate project development, the agency may enter   into a license agreement with the holder of the title to the project;3. Upon completion of construction or rehabilitation of the project by   a developer who has taken title to the project, title shall be  conveyed   in  accordance  with  the approved final project description, or, in the   absence of a not-for-profit  corporation  or  housing  development  fund   company  designated  by  the city to receive title to the project, title   shall be conveyed to the city.
NY Priv Hous Fin L § 67 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 67 - Liability on Obligations.

§  67.  Liability  on obligations. 1. Except for obligations which the   agency assumes by contract  for  the  construction,  rehabilitation  and   development  period  of  any  project,  neither the agency nor the state   shall have any responsibility  or  liability  as  to  the  construction,   rehabilitation, operation, maintenance, repair or use of projects unless   otherwise specifically provided by statute.2.  Any  contract  entered  into  pursuant to this article between the   agency and the developer or owner of a project shall cite and set  forth   subdivision one of this section.
NY Priv Hous Fin L § 68 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 68 - State/city Allocations of Permanent Housing Projects for Homeless Families.

§  68.  State/city  allocations  of  permanent  housing  projects  for   homeless families. 1. No contract shall be entered into by the agency or   its  designee  in  connection  with  the  administration  of   projects,   including  the payment of project costs, unless the agency is assured to   its satisfaction that the  city  has  provided  or  will  provide  fifty   percent  of  such  costs to the agency or its designee.  Moneys received   from sources other than the city or  the  state  may,  at  the  agency's   discretion,   be   expended   without   regard   to   such   limitation.   Notwithstanding any other provision of law, payments, grants  and  loans   may be deposited by the agency directly with a lending institution at or   before  the time of initial loan closing pursuant to an escrow agreement   satisfactory to the agency.2. Moneys expended by the agency for  the  purposes  of  this  article   shall   not   substitute   for   locally  funded  operating  or  capital   expenditures which the city would  have  allocated  through  its  normal   budgetary  process  to  programs  that  provide  permanent  housing  for   homeless families in the absence of the funds provided for this program.   All such moneys shall be used to increase locally  funded  operating  or   capital  expenditures  for  permanent housing for homeless families to a   level which is greater than the level which would have existed  if  such   moneys  had not been provided by the state.  Nothing in this subdivision   shall require the city to allocate funds for housing programs if in  the   city's judgment such allocation would require an increase in taxation or   a reduction in other city services.
NY Priv Hous Fin L § 69 (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 69 - Compliance; General and Administrative Provisions.

§  69. Compliance; general and administrative provisions. 1. The owner   of each project shall be responsible for assuring  compliance  with  the   terms  and  conditions  of  the  approved  project  description and this   article. Any project owned by a not-for-profit corporation or a  housing   development  fund  company shall be subject to such terms and conditions   for a period of thirty-five years  or  such  longer  period  as  may  be   provided  in  the  project  description.  No  project may be transferred   except in accordance with  the  project  description,  and  the  project   description may not be changed without the approval of the agency.2.   The   agency  shall  issue  and  promulgate  guidelines  for  the   administration of this article. The guidelines shall include  provisions   concerning   approval   of  project  descriptions,  the  eligibility  of   developers for contracts under this article; funding  criteria  and  the   funding determination process; supervision and evaluation of contracting   developers;   reporting,   budgeting  and  record-keeping  requirements;   provisions for modification and termination of contracts  and  recapture   of  funds; and such other matters not inconsistent with the purposes and   provisions of this  article  as  the  agency  shall  deem  necessary  or   appropriate.
NY Priv Hous Fin L § 70 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 70 - General Policy.

§  70.  General policy. It is hereby declared to be the policy of this   article to encourage the investment of the savings of the people in  low   rent housing accommodations, to protect such investment against loss and   to assure a fair return thereon. To this end, every responsible official   of the state shall, wherever necessary, take all reasonable steps to the   end  that  the  security and safety of the mortgages referred to in this   article shall be safeguarded and to maintain public  confidence  in  the   stock and obligations of housing companies created under this article.
NY Priv Hous Fin L § 71 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 71 - Definitions.

§  71.  Definitions. The following terms, whenever used or referred to   in this act, shall be construed as follows:1.  The  term  "housing  company"  means  a  limited-dividend  housing   corporation,  a  partnership  (general  or limited) or a trust organized   pursuant to this article.2. The term "project" means a specific work or improvement  undertaken   by   a  housing  company,  which  shall  include  lands,  buildings  and   improvements acquired or constructed to provide dwelling  accommodations   within  the  rental  limitations  prescribed  by  this article, and such   stores, offices, social, recreational,  communal  or  other  non-housing   facilities  as  may  be  deemed  by the commissioner to be incidental or   appurtenant to a project.3. The term "mutual" when applied to a housing company  shall  mean  a   housing  company  which  is  a  corporation operated exclusively for the   benefit of the persons or families who are entitled to  occupancy  in  a   project of such housing company by reason of ownership of shares in such   housing company.4.  The  term  "local  and  municipal  taxes"  means taxes levied by a   county, city, village, town, school and special district but  shall  not   include assessments for local improvements.5.  The  term  "state  urban  development corporation project" means a   project of a limited-dividend housing company which is a  subsidiary  of   the   New   York  state  urban  development  corporation,  as  the  term   "subsidiary"  is  defined  in  the  New  York  state  urban  development   corporation act.6. The term "capital" means, in the case of a corporation, its capital   shares  issued  and  outstanding;  in  the  case  of  a partnership, the   aggregate value of the money and property contributed  by  the  partners   for  the  purpose of carrying on the business of the partnership, so far   as such is credited to the partners on capital account; and in the  case   of  a trust, the aggregate value of the money or property subject to the   trust.
NY Priv Hous Fin L § 73 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 73 - Consent of Commissioner to Creation of Housing Companies.

§ 73. Consent of commissioner to creation of housing companies.  1. If   any  certificate made pursuant to subdivision one of section seventy-two   shall be presented to the secretary of state  he  shall  not  file  said   certificate  unless  there shall accompany the same a certificate of the   commissioner that he consents to the filing of such certificate. In  the   case  of  a  housing  company  which  is  a  partnership  or  trust, the   certificate shall be filed with the commissioner.2. The commissioner shall not accept for filing  a  certificate  of  a   housing  company  which is a partnership (general or limited) or a trust   unless there has first been filed with him a  partnership  agreement  or   trust  agreement  as  the case may be, the terms and conditions of which   shall be subject to his approval.
NY Priv Hous Fin L § 74 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 74 - Application of Other Laws.

§  74.  Application  of  other  laws.  The  provisions of the business   corporation law as hereafter from time to time amended  shall  apply  to   housing  companies  which  are  corporations,  and the provisions of all   applicable law shall apply to housing companies which  are  partnerships   or  trusts,  except  where any such provisions are in conflict with this   article.
NY Priv Hous Fin L § 75 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 75 - Designation of and Service of Process on Secretary of State and Registered Agent.

§  75. Designation of and service of process on secretary of state and   registered agent. The provisions of sections three hundred  four,  three   hundred five and three hundred six of the business corporation law shall   apply   to  housing  companies  heretofore  or  hereafter  organized  as   corporations under this article.
NY Priv Hous Fin L § 76 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 76 - Limited Return on Capital and Debentures.

§  76.  Limited  return  on  capital  and  debentures. No shareholder,   partner  or  beneficiary  of  a  trust  having  an  interest  vested  in   possession  in  any  housing  company formed hereunder shall receive any   distribution on capital in any one year in excess of six per centum  per   annum except that when in any preceding year distributions in the amount   prescribed  in  the  certificate  shall  not  have been paid on the said   capital, the shareholders, partners or beneficiaries, as  the  case  may   be,  may  be  paid  such  deficiency without interest out of any surplus   earned in  any  succeeding  years.  This  provision  shall  likewise  be   applicable  to income debenture certificates and interest thereon at the   rate specified in such certificates shall be cumulative.
NY Priv Hous Fin L § 77 (2021)
2021 New York Laws PVH - Private Housing Finance Article 4 - Limited Dividend Housing Companies 77 - Time of Payment of Subscription or Capital Contributions.

§  77.  Time  of payment of subscription or capital contributions.  1.   Subscriptions to the shares or income debentures of  a  housing  company   organized  as  a  corporation  shall  be  paid at such times and in such   installments as the board of directors and the commissioner may require.   If any default shall be made in the payment of  any  installment  as  so   required,  the  board  of  directors  may  enforce  said subscription by   appropriate action and upon their failure so to do said subscription may   be enforced by the commissioner. At the option of the board of directors   with the consent of the commissioner, the board of  directors  may  upon   such  default  declare  the shares or income debentures and all previous   payments thereon forfeited, after the expiration of twenty days from the   service on the defaulting shareholder personally, or by mail directed to   him at his address as shown on the books of the housing  company,  of  a   written notice requiring him to make payment within twenty days from the   service  of the notice at a place specified therein and stating that, in   case of failure to do so,  his  shares  or  income  debentures  and  all   previous  payments  thereon  will  be  forfeited.  Such shares or income   debentures if forfeited may be reissued or reoffered  for  subscription.   If  a  receiver  of  the  housing company has been appointed, all unpaid   subscriptions shall be paid at such times and in  such  installments  as   such receiver or the court may direct.2.   Capital  contributions  to  a  housing  company  organized  as  a   partnership (general or limited) or a trust shall be paid at such  times   and  in  such  installments  as  shall  be  provided  by the partnership   agreement or  trust  agreement.  Such  partnership  agreement  or  trust   agreement  shall  contain  provisions  for  enforcement of the terms and   conditions thereof by the partners or trustees, or upon their failure to   do so, by the commissioner, if any payment  so  required  shall  not  be   made.  If  a  receiver  of  the  housing company has been appointed, all   unpaid capital contributions shall be paid at such  times  and  in  such   installments as such receiver or the court may direct.