reglab/housing_qa huggingface dataset:
NY Priv Hous Fin L § 1053 (2021)
2021 New York Laws PVH - Private Housing Finance Article 17-B - Rural Area Revitalization Projects 1053 - Contracts for Rural Area Revitalization Projects.

§  1053.  Contracts  for  rural  area  revitalization projects. 1. The corporation may, in the name of the state,  enter  into  contracts  with qualified  applicants  for  the performance of rural area revitalization projects.   2. The corporation may enter into a contract pursuant to this  section only if he determines that:  (a)  the  region  to  be  served is a portion of the rural area of the state which is in need of revitalization and can benefit from a  program carried out by one or more locally based groups.  (b)  the  applicant organization, or any predecessor organization, has had appropriate experience in community preservation activities; that it has, or shows that it can  acquire,  the  capability  and  expertise  to undertake  successfully the proposed project; and that it is managed and directed by  persons  representative  of  the  region  within  which  it operates.  (c)  the  project  or  projects,  alone  or  in combination with other proposed activities of the  applicant  or  others,  will  be  likely  to contribute  in  a significant way towards the revitalization and general community renewal of the region.   3. Each contract pursuant to this section shall provide for payment by the corporation for the activities to be carried  out  pursuant  to  the contract.  Such  payment  shall  be based on the projected costs of such activities and the other sources of funding which may  be  available  to the  applicant  (including,  if  applicable, funding pursuant to article seventeen of this chapter) from any source. Up to  ten  percent  of  the program  or  project  cost  may  be  used  for the qualified applicant's operating expenses including expenses related to organization  operating support  and  administration  of  the  contract. The total state payment pursuant to any one contract  shall  not  exceed  two  hundred  thousand dollars.   4.  The  contract shall provide for completion of the project within a reasonable period, as specified therein, which shall not  in  any  event exceed two years from its commencement.   5.  For  any  application  for such a contract under this article, the corporation shall provide the applicant with a list of  conditions  that must  be met prior to entering into a contract pursuant to this article. Within fifteen working  days  of  receipt  by  the  corporation  of  all documents  in satisfaction of the list, the corporation shall notify the applicant of the sufficiency or insufficiency of  the  documents.  After satisfaction  by  the  applicant  of  all  conditions  required  by  the corporation prior to entering into  a  contract  the  corporation  shall enter  into  the contract within forty-five working days of satisfaction of such conditions.
NY Priv Hous Fin L § 1054 (2021)
2021 New York Laws PVH - Private Housing Finance Article 17-B - Rural Area Revitalization Projects 1054 - Administration of Contracts.

§  1054.  Administration  of contracts. 1. A contract pursuant to this article may provide for such periodic payments as may be appropriate.   2. The corporation shall periodically review the performance  of  each contractor   pursuant  to  this  article.  Such  reviews  shall  include evaluation of the quality of the activities  performed,  the  conformity thereof   to   contract  provisions  and  the  financial  integrity  and efficiency of the contractor.   3. Each contract pursuant to this article shall provide that:  (a) it may be modified and renegotiated from time to time; and  (b) it may  be  terminated  by  the  corporation  upon  a  finding  of substantial   noncompliance   or  other  breach  of  its  terms  by  the contractor.
NY Priv Hous Fin L § 1055 (2021)
2021 New York Laws PVH - Private Housing Finance Article 17-B - Rural Area Revitalization Projects 1055 - Rules and Regulations.

§  1055.  Rules  and  regulations.  The  corporation  may  provide, by   regulation, for the administration  of  the  rural  area  revitalization   program.  Such  regulations may contain any provisions, not inconsistent   with this article as may be necessary or appropriate to  carry  out  the   policy and intent of this article.
NY Priv Hous Fin L § 1057 (2021)
2021 New York Laws PVH - Private Housing Finance Article 17-B - Rural Area Revitalization Projects 1057 - Transfer of Authority, Administration and Appropriations.

§  1057.  Transfer of authority, administration and appropriations. 1.   On and after the effective date of this section, all obligations of  the   division with respect to rural area revitalization projects shall become   the  obligations  of  the  corporation  and  the  corporation  shall  be   responsible for the administration  of  all  rural  area  revitalization   projects.  The  division  shall  provide for the orderly transfer of all   matters, records and things relating to rural revitalization projects to   the corporation.2. Notwithstanding the provisions of any general or special  law,  the   director  of  the  budget  is  authorized to transfer to the corporation   funds otherwise appropriated or reappropriated for the purposes of rural   area revitalization projects to the division of  housing  and  community   renewal.3.  All  rules, regulations, acts, determinations and decisions of the   division or the commissioner thereof with respect to the  administration   of  rural area revitalization projects in force on the effective date of   this section shall continue in force and effect as  rules,  regulations,   acts,  determinations  and  decisions  of  the  corporation  until  duly   modified or rescinded by the corporation.
NY Priv Hous Fin L § 1100 (2021)
2021 New York Laws PVH - Private Housing Finance Article 18 - Low Income Housing Trust Fund Program 1100 - Statement of Legislative Findings and Purpose.

§ 1100. Statement of legislative findings and purpose. The legislature   hereby  finds  and  declares  that there is a serious shortage of decent   affordable housing in the state for persons of low income; that the cost   of providing such housing without public participation and assistance is   prohibitively high; that there exists throughout the state a significant   number  of  dwellings  which  are  deteriorated  and   are   vacant   or   underutilized;  that  the existence of such properties creates a serious   threat to the health and safety of persons who live  in  or  near  them,   limits   the  availability  of  decent  affordable  housing  to  others,   contributes to the blight and deterioration of neighborhoods, and drains   municipal resources and expenditures; that the rehabilitation  of  these   properties would stem the deterioration of neighborhoods and promote the   preservation  and creation of safe and sanitary low income housing; that   the potential exists to make such housing available to  persons  of  low   income   through   projects   carried  out  by  eligible  applicants  to   rehabilitate these dwelling accommodations, bring  these  accommodations   into  compliance with all applicable laws and regulations and remove all   hazardous and immediately hazardous code conditions; that  the  purposes   of  this article should also be served by providing for new construction   of housing for persons of low income in areas  in  which  rehabilitation   opportunities  are  limited  or where new construction would prove to be   more effective;  that  the  carrying  out  of  such  projects  serves  a   significant  public  purpose  and  may  appropriately  be  performed  by   eligible applicants; that payment for such services, tax exemptions  and   other public participation in such projects would bring down the cost of   such  housing  and make it affordable to persons of low income; and that   it is the policy of the state to preserve and create such housing and to   provide for the aid, care, and support of the needy.    The  legislature   therefore  finds  that a program should be established to provide monies   for the rehabilitation and construction of these properties by  eligible   applicants  to  promote  the  preservation  and  creation  of affordable   housing for persons of low income.It is  intended  that  any  payments,  grants  or  loans  provided  to   municipalities  through this program not substitute for funds which such   municipalities would have spent in the absence of this program and  that   such  payments,  grants  and  loans  will  enable such municipalities to   expand their commitment to increase the supply of affordable low  income   housing  to  levels  greater  than would have been possible without this   program.
NY Priv Hous Fin L § 1103 (2021)
2021 New York Laws PVH - Private Housing Finance Article 18 - Low Income Housing Trust Fund Program 1103 - General and Administrative Provisions.

§  1103.  General  and  administrative  provisions. 1. The corporation   shall 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;   reporting,  budgeting  and  record-keeping  requirements; provisions for   modification and termination of contracts; and such  other  matters  not   inconsistent  with  the  purposes  and provisions of this article as the   corporation shall deem necessary or appropriate.2. The corporation may provide technical services  and  assistance  or   contract  to  provide  technical  services  and  assistance  to eligible   applicants to comply with the provisions  and  intent  of  this  article   which  services  and assistance may include but shall not necessarily be   limited to rehabilitation skills  training,  site  selection,  financial   packaging  and  engineering and architectural services necessary for the   preparation  of  proposals  for  entering  into  contracts  or  for  the   continued  operation  of  cooperative  or  condominium,  homesteading or   rental rehabilitation projects.3. The corporation shall, on or before  September  fifteenth  in  each   year,  submit a proposed budget for the operation of the corporation for   its next fiscal year to the director of the budget for his  review.  The   chairman  of the corporation shall also deliver a copy of such budget to   the chairman of the senate finance committee and  the  chairman  of  the   assembly  ways  and  means committee at the same time that the budget is   delivered to the director of the budget. The budget  shall  include  the   total amount needed for corporate purposes, including the funds required   by  the  corporation  for  its  general and administrative expenses, the   source of all funds that the corporation expects  to  receive  and  such   other information as the director of the budget shall require.4.  The  corporation  shall  require  the  submission  of  the  names,   addresses and business background of the principals involved, the nature   of their fiduciary relationship and their financial relationship,  past,   present and future, to the project and to each other.
NY Priv Hous Fin L § 1106 (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106 - Legislative Findings and Declarations.

§  1106. Legislative findings and declarations. The legislature hereby   finds and declares that there is a serious shortage of decent affordable   housing in the state for  persons  of  low  income;  that  the  cost  of   providing  such  housing  without public participation and assistance is   prohibitively  high;  that  programs  operated  by   municipal   housing   authorities  and  municipalities  have  for decades provided hundreds of   thousands of low income New Yorkers with  decent,  safe  and  affordable   housing;  that  due  to the lack of funds available for leveraging state   dollars for low income housing, and the delay that occurs when a variety   of funding sources are used to produce such housing, a need  exists  for   the  state  to  fully  finance  debt  free  low  income  housing.    The   legislature  therefore  finds  that  a  program  should  be  established   pursuant  to  which  the  housing  trust  fund corporation shall provide   grants or loans to municipal  housing  authorities,  municipalities  and   not-for-profit   organizations   or  charitable  organizations,  housing   development fund companies, or private developers which shall be used to   pay for all or a  portion  of  the  project  costs  of  constructing  or   rehabilitating  turnkey/enhanced rental projects, and that such projects   shall thereafter be owned by eligible owners for the benefit of  persons   of  low income. The legislature intends that grants or loans provided to   municipal housing authorities, or municipalities through the low  income   turnkey/enhanced  housing  trust  fund  program shall not substitute for   funds which such authorities or municipalities would have spent  in  the   absence  of  such program, and that authorities and municipalities shall   use such grants or loans to increase the supply of low income housing to   levels greater than would have been possible without such program.
NY Priv Hous Fin L § 1106-B (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106-B - Low Income Turnkey/enhanced Housing Trust Fund Program Established.

§  1106-b.  Low  income  turnkey/enhanced  housing  trust fund program   established. There is hereby established within the housing  trust  fund   corporation  a  low  income turnkey/enhanced housing trust fund program.   Within  the  limit  of  funds  available  for  this   purpose   in   the   turnkey/enhanced  housing  account, the corporation is hereby authorized   to  enter  into  contracts  to  provide  grants  or  loans  to  eligible   applicants for all or a portion of turnkey/enhanced rental project costs   to construct or rehabilitate turnkey/enhanced rental projects subject to   the   terms   and   conditions  of  this  article.  Upon  completion  of   construction or rehabilitation of a turnkey/enhanced rental project,  an   eligible  applicant  may, where appropriate, transfer such project to an   eligible owner.
NY Priv Hous Fin L § 1106-C (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106-C - Request for Proposals.

§  1106-c.  Request  for  proposals.  The  corporation,  pursuant to a   request for proposals, shall not provide  grants  or  loans  under  this   article   except  to  an  eligible  applicant  which  has  submitted  an   application in consultation with the eligible  owner  or  owners,  which   contains:1.  a  development  timetable acceptable to the corporation that shall   include the projected time schedule for (a) commencement and  completion   of  regulatory  and  review processes and approvals including procedures   for land use and disposition; (b) construction  loan  closing;  and  (c)   commencement  and  completion of construction. Such timetable shall also   include a projected date as to when the  units  will  be  available  for   occupancy  and  when  such  units  will  be fully occupied and any other   information the corporation deems appropriate;2. a proposed operating and maintenance budget;3. an estimate of the total project costs which shall include (a)  the   costs  necessary  for  construction  or  rehabilitation  which shall not   exceed  a  ceiling  amount  established  by  the  corporation  which  is   consistent  with  the reasonable costs of constructing or rehabilitating   projects in the municipality in which the project shall be located,  (b)   the  costs necessary for working capital and a reserve fund and (c) such   other reasonable costs necessary for the completion of such project;4. evidence that the municipality within  which  the  turnkey/enhanced   rental  project will be located is experiencing a shortage of affordable   housing for persons of low  income  and  the  proposed  turnkey/enhanced   rental project will contribute to reducing such shortage;5.  the  names,  addresses  and  business background of the principals   involved, the nature of their fiduciary relationship and their financial   relationship, past, present and future,  to  the  project  and  to  each   other;6. the identity of the eligible owner if the eligible owner is not the   eligible applicant; and7. such other information as the corporation may require.
NY Priv Hous Fin L § 1106-D (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106-D - Selection of Eligible Applicants for Grants or Loans Under This Article.

§  1106-d.  Selection of eligible applicants for grants or loans under this article. 1. Prior to providing  grants  or  loans  to  an  eligible applicant  pursuant  to  this  article,  the corporation shall determine that:  (a) eligible applicants can demonstrate by their past  performance  or other   objective   factors,   that   they   are   able  to  complete  a turnkey/enhanced  rental  project  in  a  timely,  efficient  and   cost effective manner;  (b) the turnkey/enhanced rental project will be managed by an eligible owner  or  other  entity  who can demonstrate by its past performance or other objective factors that it is capable of effectively managing  such a project for the benefit of persons of low income; and  (c)  the eligible applicant shall not borrow any funds for the project without the prior approval of the corporation.   2. In selecting eligible applicants who will obtain  grants  or  loans pursuant  to  this  article,  the  corporation  shall give preference to proposals for turnkey/enhanced rental projects which:  (a) will be located in an area which is experiencing a severe shortage of affordable housing for persons of low income;  (b) will be located in a municipality  which  will  utilize  steps  to simplify or expedite processing, where applicable;  (c) will result in the greatest number of quality units and the lowest costs per unit; and  (d) will rehabilitate or construct small scale, low rise buildings.
NY Priv Hous Fin L § 1106-E (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106-E - Reserve Fund.

§ 1106-e. Reserve fund. There shall be a reserve fund for each project   which  in  no  event  shall  initially  be less than five percent of the   turnkey/enhanced rental project costs, exclusive of  any  reserve  fund.   Such reserve fund may be provided by the corporation or any other source   and,  if  provided  by  another source, shall be provided in cash or the   payment of such cash shall be assured by deposit of adequate  marketable   collateral prior to the payment by the corporation of any project costs,   excluding advances for planning costs.
NY Priv Hous Fin L § 1106-F (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106-F - Project Operation and Management; Rent Structure; Tenant Selection.

§  1106-f.  Project  operation  and management; rent structure; tenant   selection. The eligible owner shall enter into  an  agreement  with  the   corporation  which  provides  that  the  eligible  owner of such project   shall:1. operate and manage such project as a rental building which is  used   for other than transient occupancy;2.  structure rent levels in such project to be: (a) affordable to the   tenants as specified in subdivision four of this section to  the  extent   economically  feasible  and (b) when added to any other sources of funds   available for the project's operation not in  excess  of  the  costs  of   operating and maintaining the project including a reserve fund;3.  not borrow any funds for the project without the prior approval of   the corporation;4. to the extent economically feasible, select tenants who  move  into   such  project  and maintain a mix of tenants so that (a) at least thirty   percent and no more than seventy percent of such tenants  are  receiving   benefits  pursuant  to  section  one  hundred thirty-one-a of the social   services law or could only afford rents no greater than  those  paid  by   persons  receiving benefits pursuant to such section, provided, however,   that of such tenants preference shall be given to persons who have  been   referred  from  hotels, motels or shelters operated by a social services   district or receiving payment directly or indirectly from such district,   or  any  other  philanthropic  or  charitable  facility  providing  such   accommodations;  and (b) the remaining tenants have incomes which do not   exceed  eighty  percent  of  the  median  income  for  the  metropolitan   statistical  area  in  which  such project is located or if a project is   located outside such area, those persons or families  whose  incomes  do   not exceed eighty percent of the median income for the county in which a   project is located; and5. provide such other information as may be necessary to carry out the   provisions of this article.
NY Priv Hous Fin L § 1106-H (2021)
2021 New York Laws PVH - Private Housing Finance Article 18-A - Low Income Turnkey/enhanced Housing Trust Fund Program 1106-H - Real Property Tax Exemption.

§  1106-h.  Real property tax exemption. 1. The local legislative body   of any city, town or village is hereby authorized and empowered to adopt   and amend a local law to provide that all or any portion of the value of   the  property  included  in  a  turnkey/enhanced  rental  project  which   represents an increase over the assessed valuation of the real property,   both  land  and  improvements, prior to the improvements of the property   necessary or intended to effectuate the purposes of this article, may be   exempt from any and all city, village and town real property  taxes,  as   defined  in  subdivision  twenty  of section one hundred two of the real   property tax law, real property special ad valorem levies, as defined in   subdivision fourteen of section one hundred two of the real property tax   law, and special assessments,  as  defined  in  subdivision  fifteen  of   section  one  hundred  two of the real property tax law, except that the   assessed valuation may be increased or decreased to reflect a change  in   the  level  of  assessment as certified pursuant to title two of article   twelve of the real property tax law.2. In any assessing unit in which there has been a change in level  of   assessment  as  provided  in  title  two  of  article twelve of the real   property tax law, the commissioner of taxation and finance shall certify   the change in level of assessment factor in the manner provided in title   two of article twelve of the real property tax law. The term  "assessing   unit"  as used in this subdivision means a city, town, village or county   having a county department of assessment with the power to  assess  real   property.3.  Such local law may also provide for the abatement of any or all of   the property taxes which are payable to such city, town or village  from   such project, for such duration as is provided in such local law, if any   property  taxes  remain  to  be  paid  after  the exemption or abatement   provided in this section is determined.4. Provided that the tax exemption or  abatement  authorized  by  this   section  shall  be  in  addition to any other tax exemption or abatement   authorized by law, and provided further, however, that in  the  event  a   project  ceases  to be subject to one or more provisions of this article   any tax exemption or abatement authorized pursuant to this section  with   respect to the eligible property of such project shall terminate.