NY Priv Hous Fin L § 65-C (2021)
2021 New York Laws PVH - Private Housing Finance Article 3-A - Permanent Housing for Homeless Families 65-C - Approval of Funding Agreement; Issuance of Requests for Proposals.

§  65-c.  Approval  of  funding  agreement;  issuance  of requests for   proposals. The city's funds for  such  projects  shall  be  provided  as   payments,  grants or loans pursuant to a funding agreement or agreements   with the agency. Any such agreement shall include the amount of  funding   to  be  provided by the city, the manner in which the city will make the   funds  available  to  the  agency  or  the  agency's  designee,  and   a   description  of  the projects and project sites, and shall be subject to   the approval of the mayor and the local legislative body  of  the  city.   Notwithstanding  any inconsistent provisions of law, general, special or   local, or charter, the mayor and the local legislative body  shall  take   action  to approve or disapprove such agreement within sixty days of its   submission, provided, however, that if the mayor  fails  to  approve  or   disapprove the agreement during such period the mayor shall be deemed to   have  approved  the  agreement  and  provided  further that if the local   legislative body fails to approve or disapprove  such  agreement  during   such  period the local legislative body shall be deemed to have approved   the agreement. In the case of  a  project  for  which  a  not-for-profit   corporation,  housing  development fund company or limited profit entity   has provided sites with the city's approval, approval by the  mayor  and   the  local  legislative  body  shall  not be required under this section   where such project has already received approval from the mayor and  the   local  legislative  body.  Upon  approval  by  the  mayor  and the local   legislative body of such agreement, and upon satisfaction of such  other   conditions  as  the  agency may establish, including but not limited to,   satisfactory assurances from the city that projects  on  approved  sites   will  receive  expedited reviews by city departments and agencies having   jurisdiction over the project, the agency is authorized to issue one  or   more  requests  for  proposals to developers who shall be not-for-profit   organizations or persons, partnerships, corporations or  other  entities   that will agree to limit their profits or rate of return of investors in   accordance  with  a  formula  established or approved by the agency with   respect to the project, for the development,  design,  construction,  or   rehabilitation  of  permanent  housing  projects  for  eligible homeless   families.  Approval  of  an  agreement  by  the  mayor  and  the   local   legislative  body  pursuant  to  this  section  shall not itself require   compliance with any local  land  use  review  procedure,  nor  shall  it   constitute  an action for purposes of article eight of the environmental   conservation law, provided, however, that this section shall  not  grant   any  exemption  from  such  procedures  or laws if otherwise applicable.   Notwithstanding  the  provisions  of  article  one-A   of   the   public   authorities  law,  contracts entered into by the agency pursuant to this   article shall not be subject to the provisions of article one-A  of  the   public authorities law.