reglab/housing_qa huggingface dataset:
NY Priv Hous Fin L § 215 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6 - Urban Redevelopment Corporations 215 - Methods of Acquisition of Real Property.

§  215.  Methods  of  acquisition of real property. 1. A redevelopment corporation may:  (a) Whether before or  after  the  certificates  of  approval  of  its development  plan  required by section two hundred three of this article have been issued, acquire real property or secure  options  in  its  own name  or  in  the  name  of  nominees to acquire real property, by gift, grant, lease, purchase or otherwise, or awards in condemnation  made  or to be made therefor;  (b)  After  a  certificate of approval of condemnation with respect to the real property in question has been issued pursuant  to  section  two hundred  sixteen of this article, acquire all or any portion of the real property included in such certificate of approval  of  condemnation  not already  under contracts of sale or option to it, by condemnation in the manner provided by the condemnation law, with such departures  therefrom as are provided in this article.   2.  A city may, upon request by a redevelopment corporation, and after a certificate of approval of  condemnation  with  respect  to  the  real property  in  question  has  been issued pursuant to section two hundred sixteen of this article, acquire, or obligate  itself  to  acquire,  for such  redevelopment  corporation  any  real  property  included  in such certificate  of  approval  of  condemnation,  by  gift,  grant,   lease, purchase, condemnation, or otherwise, according to the provisions of any appropriate  general, special or local law applicable to the acquisition of real property by the city. Real property acquired by  a  city  for  a redevelopment  corporation  shall  be  conveyed  by  such  city  to  the redevelopment corporation upon payment to the city of all sums  expended or  required  to be expended by the city in the acquisition of such real property.   3. The provisions of this article with respect to the condemnation  of real  property  by or for a redevelopment corporation or by a city for a redevelopment corporation shall prevail over the provisions of any other general, special or local law.
NY Priv Hous Fin L § 217 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6 - Urban Redevelopment Corporations 217 - Temporary Use or Occupation of Real Property Taken by Acquisition.

§  217.  Temporary  use  or  occupation  of  real  property  taken  by   acquisition. When title to real property has vested in  a  redevelopment   corporation  or  city by gift, grant, devise, purchase or in acquisition   proceedings or otherwise, the redevelopment corporation or city, as  the   case may be, may in accordance with the provisions of the eminent domain   procedure  law  agree  with the previous owners of such property, or any   tenants continuing to occupy or use it, or any  other  persons  who  may   occupy  or  use or seek to occupy or use such property, that such former   owner, tenant or other persons may occupy or use such property upon  the   payment  of a fixed sum of money for a definite term or upon the payment   periodically of an agreed sum of money.In  the  event  that  a  city  has  acquired  real  property   for   a   redevelopment  corporation, the city shall, in transferring title to the   redevelopment corporation, deduct from the consideration or other moneys   which the redevelopment corporation has become obligated to pay  to  the   city  for  such  purpose, and credit the redevelopment corporation with,   the amounts received by the city as payment for temporary occupation and   use of the real property by a former owner, tenant, or other person,  as   in  this  section  two  hundred  seventeen  provided,  less the cost and   expense incurred by the city for the maintenance and operation  of  such   real property.
NY Priv Hous Fin L § 218 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6 - Urban Redevelopment Corporations 218 - Mortgages.

§  218.  Mortgages.  1. Any redevelopment corporation may borrow funds   and secure the repayment thereof by mortgage. Every such mortgage  shall   contain  reasonable  amortization provisions and shall be a lien upon no   other real property except that forming the whole or a part of a  single   development area.2.  Certificates,  bonds  and notes, or part interests therein, or any   part  of  an  issue  thereof,  which  are  issued  by  a   redevelopment   corporation  and secured by a first mortgage on the real property of the   redevelopment corporation, or any part thereof, shall be  securities  in   which all the following persons, partnerships or corporations and public   bodies  or  public  officers  may  legally invest the funds within their   control, provided that the principal amount thereof shall not exceed the   limits, if any, imposed by law  for  such  investments  by  the  person,   partnership, corporation, public body or public officer making the same:   every executor, administrator, trustee, guardian, committee, conservator   or  other  person  or  corporation  holding  trust  funds or acting in a   fiduciary capacity; the  state,  its  subdivisions,  cities,  all  other   public   bodies,   all   public   officers;  persons,  partnerships  and   corporations organized under or subject to the provisions of the banking   law (including savings  banks,  savings  and  loan  associations,  trust   companies, bankers and private banking corporations); the superintendent   of financial services as conservator, liquidator or rehabilitator of any   such  person,  partnership  or  corporation;  persons,  partnerships  or   corporations organized  under  or  subject  to  the  provisions  of  the   insurance   law;   and  the  superintendent  of  financial  services  as   conservator, liquidator or rehabilitator of any such person, partnership   or corporation.3. Any mortgage on the real property in a  development  area,  or  any   part thereof, may create a first lien, or a second or other junior lien,   upon such real property.4.  The  limits as to principal amount secured by mortgage referred to   in paragraph two of this section two hundred eighteen shall not apply to   certificates, bonds and notes, or part interests therein, or any part of   an issue thereof, which are secured by first mortgage on  real  property   in  a  development  area, or any part thereof, which the federal housing   administrator has insured or has made a commitment to insure  under  the   national  housing act. Any such person, partnership, corporation, public   body or public officer may receive and hold any debentures, certificates   or  other  instruments  issued  or  delivered  by  the  federal  housing   administrator,  pursuant to the national housing act, in compliance with   the contract of  insurance  of  a  mortgage  on  real  property  in  the   development area, or any part thereof.
NY Priv Hous Fin L § 219 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6 - Urban Redevelopment Corporations 219 - Sale or Lease of Real Property by a City to a Redevelopment Corporation.

§  219.  Sale  or  lease of real property by a city to a redevelopment   corporation. 1. The local legislative body, or if there is  a  board  of   estimate  in  the  city,  then  the board of estimate, may by resolution   determine that real property, title  to  which  is  held  by  the  city,   specified  and  described in such resolution, is not required for use by   the city and may authorize the city to sell or lease such real  property   to a redevelopment corporation; provided, however, that the title of the   city to such real property be not declared inalienable by charter of the   city, or other similar law or instrument.2. Notwithstanding the provisions of any general, special or local law   or  ordinance,  such sale or lease may be made without appraisal, public   notice or public bidding for such price or rental and  upon  such  terms   (and, in case of a lease, for such term not exceeding fifty years with a   right to one renewal term of thirty years) as may be agreed upon between   the city and the redevelopment corporation.3.  Before  any  sale or lease to a redevelopment corporation shall be   authorized, a public hearing shall be  held  by  the  local  legislative   body,  or  by the board of estimate, as the case may be, to consider the   proposed sale or lease.4. Notice of such hearing shall be published at least ten days  before   the  date  set for the hearing in such publication and in such manner as   may be designated by  the  local  legislative  body,  or  the  board  of   estimate, as the case may be.5.  The  deed  or lease of such real property shall be executed in the   same manner as a deed or lease by the city of other real property  owned   by  it  and  may contain appropriate conditions and provisions to enable   the city to reenter the real property in the event of a violation by the   redevelopment corporation of any  of  the  provisions  of  this  article   relating  to  such  redevelopment  corporation  or  of the conditions or   provisions of such deed or lease.6. A redevelopment corporation purchasing  or  leasing  real  property   from  a  city  shall  not, without the written approval of the city, use   such real property  for  any  purpose  except  in  connection  with  its   development.  The  deed shall contain a condition that the redevelopment   corporation will devote the real property granted only for the  purposes   of  its  development  subject  to  the restrictions of this article, for   breach of which the city shall have the right to reenter  and  repossess   itself of the real property.
NY Priv Hous Fin L § 220 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6 - Urban Redevelopment Corporations 220 - Provisions of Lease.

§  220. Provisions of lease. If real property of a city be leased to a   redevelopment corporation:1. The lease may provide that all improvements shall be  the  property   of the lessor;2.  The lessor may grant to the redevelopment corporation the right to   mortgage the fee of such property  and  thus  enable  the  redevelopment   corporation to give as security for its notes or bonds a first lien upon   the land and improvements;3.  The  execution  of  a  lease  shall not impose upon the lessor any   liability or obligation  in  connection  with  or  arising  out  of  the   financing,  construction,  management  or  operation  of  a  development   involving the land so leased. The lessor shall not,  by  executing  such   lease,  incur  any  obligation  or liability with respect to such leased   premises other than may devolve upon the lessor with respect to premises   not owned by it. The  lessor,  by  consenting  to  the  execution  by  a   redevelopment  corporation of a mortgage upon the leased land, shall not   thereby assume, and such consent shall not be construed as imposing upon   the lessor, any liability upon the note or bond secured by the mortgage;4. The lease may reserve such easements or other rights in  connection   with  the  real property as may be deemed necessary or desirable for the   future planning and development of the city and the extension of  public   facilities  therein (including the construction of subways and conduits,   the widening and change of grade of streets); and it  may  contain  such   other   provisions  for  the  protection  of  the  parties  as  are  not   inconsistent with the provisions of this article.
NY Priv Hous Fin L § 221 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6 - Urban Redevelopment Corporations 221 - Construction.

§  221.  Construction.  This  article  shall be construed liberally to   effectuate the purposes hereof, and the enumeration of  specific  powers   in this article shall not operate to restrict the meaning of any general   grant  of  power  contained  in  this article or to exclude other powers   comprehended in such general grant.
NY Priv Hous Fin L § 250 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 250 - Short Title.

§  250.  Short  title. This article shall be known and may be cited as   the "Community Development Corporations Act".
NY Priv Hous Fin L § 251 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 251 - Policy and Purposes of Article.

§  251.  Policy and purposes of article. It is the policy of the state   to promote the  reconstruction  and  redevelopment  of  municipal  urban   renewal  areas  in  a  manner  that  will  serve the civic, cultural and   recreational needs of the community as a whole.  There is need for local   non-profit corporations to construct, with mortgage  loan  participation   by  the  New  York state housing finance agency and in furtherance of an   urban renewal plan, civic,  cultural  and  recreational  structures  and   facilities and other capital development projects invested with a public   interest,  for the accomplishment of the purposes of article eighteen of   the constitution and articles  fifteen  and  fifteen-A  of  the  general   municipal law.
NY Priv Hous Fin L § 252 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 252 - Definitions.

§  252.  Definitions.  As  used  in  this  article, unless a different   meaning clearly appears from the context: 1. "Agency", "area" and "plan"   shall  mean  agency,  urban  renewal  area  and  urban   renewal   plan,   respectively,  as  defined  in  article fifteen of the general municipal   law.2. "Municipality" shall mean the city, town  or  village  in  which  a   community  development  corporation  conducts or proposes to conduct its   activities.3. "Project" shall  mean  a  non-profit  capital  development  project   invested  with  a  public  interest,  including facilities incidental or   appurtenant thereto and all lands, buildings and improvements  acquired,   owned,  constructed, maintained or operated pursuant to this article, or   any combination thereof. It shall include but not be  limited  to  civic   auditoriums, libraries, museums and recreational centers.
NY Priv Hous Fin L § 253 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 253 - Incorporation and Organization.

§   253.   Incorporation   and   organization.  Community  development   corporations shall be incorporated and organized in the manner  provided   in  the  not-for-profit corporation law for not-for-profit corporations,   except that the certificate of incorporation shall be  approved  by  the   commissioner instead of such approval or approvals as may be required by   the  not-for-profit  corporation  law.    In  addition  to those matters   required to be set forth in the  certificate  of  incorporation  by  the   not-for-profit corporation law, the certificate shall state:1.  That  the  real  property  of  the  corporation shall not be sold,   transferred,  encumbered  or  assigned  except  as  permitted   by   the   provisions of this article.2.  That  the  corporation  has  been organized exclusively to serve a   civic, cultural or recreational purpose, or any combination thereof, and   that it shall be and remain subject to the supervision  and  control  of   the commissioner.3.  That  all  income  and  earnings  of the corporation shall be used   exclusively for its corporate purposes.4. That no part of the net income or net earnings of  the  corporation   shall  inure to the benefit or profit of any private individual, firm or   corporation.
NY Priv Hous Fin L § 255 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 255 - Members, Officers and Directors.

§  255. Members, officers and directors. 1. No member or director of a   community development corporation shall  receive  any  salary  or  other   compensation  for  services,  other  than  reimbursement  of  actual and   necessary expenses incurred in the performance of his duties. No member,   officer or employee of a community development corporation shall acquire   any interest, direct or indirect, in any  property  then  or  thereafter   included or planned to be included in a project, nor retain any interest   direct   or   indirect  in  any  property  acquired  subsequent  to  his   appointment or employment which is later included or  to  his  knowledge   planned  to be included in a project. If any member, officer or employee   of any community development corporation owns or  controls  an  interest   direct  or  indirect  in  any  property included in a project, which was   acquired prior to his appointment or employment, he shall disclose  such   interest and the date of acquisition thereof in writing to the community   development  corporation  and  such disclosure shall be entered upon the   minutes of the community development corporation.2. The provisions of the not-for-profit corporation law  shall  govern   membership  in  community  development  corporations,  qualification  of   voters, meetings and notices thereof,  and  selection  of  officers  and   directors.
NY Priv Hous Fin L § 256 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 256 - Mortgage Loans.

§  256.  Mortgage loans. The New York state housing finance agency may   enter into contracts for loans to community development corporations for   one or more projects.  No loan shall be made in an amount  greater  than   ninety-five  per  centum of the project cost, plus working capital in an   amount not to exceed two per centum of the project cost. Any  such  loan   shall  be secured by a first mortgage lien upon all of the real property   of which the project consists and upon  all  fixtures  and  articles  of   personal  property attached to or used in conjunction with the operation   of such project. The agency may make temporary loans or  advances  to  a   community  development  corporation  in anticipation of such loan and no   such temporary loan or advance shall be deemed  to  constitute  part  of   such loan unless such temporary loan or advance has been made out of the   proceeds  of  definitive  bonds  sold  by  the  agency  pursuant  to the   provisions of section forty-six of this chapter.
NY Priv Hous Fin L § 257 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 257 - Conditions and Security for Loans.

§  257. Conditions and security for loans. 1. No loan shall be made to a community  development  corporation  for  a  project  unless  (a)  the planning  commission,  if  any,  of  the  municipality  has approved the project; (b) the local legislative body of  the  municipality,  after  a public  hearing,  has approved the project and has enacted or will enact regulations  or  appropriate  restrictions  adequately  protecting   the project  against  future  uses  likely to depreciate unduly the value of such project and has, by resolution, found that the project will aid  in the  replanning,  reconstruction  or  redevelopment  of an urban renewal area, as defined in article fifteen of the  general  municipal  law,  or will  provide  facilities  incidental or appurtenant to an urban renewal project, as defined in article fifteen of the general municipal law, and (c) the commissioner has found that:  (i) the estimated revenues  of  the  project  or  the  monies  of  the corporation  will be sufficient to cover all probable costs of operation and  maintenance,  all  fixed  charges  and   operating   reserves   and depreciation reserves if any;  (ii)  the  plans and specifications conform to the requirements of all laws applicable thereto and  assure  light,  air,  sanitation  and  fire protection;  (iii)  the  project  is  in  conformity with an approved urban renewal plan, as defined in article fifteen of the general municipal law.
NY Priv Hous Fin L § 258 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 258 - Transfer of Real Property.

§  258.  Transfer of real property. 1. Notwithstanding any requirement   of law to the contrary or any provision of any general, special or local   law, charter  or  ordinance,  every  executor,  administrator,  trustee,   guardian  or  other  person holding trust funds or acting in a fiduciary   capacity, unless the instrument under which  such  fiduciary  is  acting   expressly  forbids, and the state, its subdivisions, municipalities, all   other public bodies, all  public  officers,  persons,  partnerships  and   corporations owning or holding any real property, may grant, sell, lease   or  otherwise  transfer  any such real property or interest therein to a   community development corporation and receive and hold any cash,  bonds,   notes,   mortgages  or  other  securities  or  obligations,  secured  or   unsecured, exchanged therefor by such corporation and may  execute  such   instruments  and do such acts as may be deemed necessary or desirable by   them or it and by the  corporation  in  connection  with  a  project  or   projects,  and  such  sale, lease or transfer may be made without public   auction or bidding; provided, however, that where such real property  is   within  a  municipal urban renewal area the disposition thereof shall be   in accordance with the provisions of paragraph (d) of subdivision two of   section five hundred seven of the general municipal law.2. The municipality may take property by condemnation for a  community   development  corporation  pursuant  to the provisions of article nine of   this chapter and transfer the same to such corporation  as  provided  in   subdivision one of this section.
NY Priv Hous Fin L § 259 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 259 - Supervision and Regulation.

§  259.  Supervision and regulation. The commissioner may from time to   time make, amend and repeal rules and regulations for  the  supervision,   examination,  regulation and audit of community development corporations   and for carrying  into  effect  the  provisions  and  purposes  of  this   article.
NY Priv Hous Fin L § 260 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 260 - Tax Exemption.

§  260.  Tax  exemption.  The  property  of  a  community  development   corporation and its income and operations shall be exempt from taxation.
NY Priv Hous Fin L § 261 (2021)
2021 New York Laws PVH - Private Housing Finance Article 6-A - Community Development Corporations 261 - Separability.

§  261.  Separability.  If any clause, sentence, paragraph, section or   part of this article  shall  be  adjudged  by  any  court  of  competent   jurisdiction  to  be  invalid, such judgment shall not affect, impair or   invalidate the remainder thereof, but shall be confined in its operation   to the clause, sentence, paragraph, section  or  part  thereof  directly   involved  in  the  controversy  in  which  such judgment shall have been   rendered.
NY Priv Hous Fin L § 300 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7 - Mortgage Facilities Corporation 300 - Short Title.

§  300.  Short title. This article shall be known and may be cited and   referred to as the "mortgage facilities corporation law".