reglab/housing_qa huggingface dataset:
NY Priv Hous Fin L § 576-B (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 576-B - Special Provisions With Respect to State Urban Development Corporation Projects.

§  576-b.  Special  provisions with respect to state urban development   corporation projects. Any state urban  development  corporation  project   shall  comply  with  the  requirements of local laws, ordinances, codes,   charters or regulations applicable to the construction,  reconstruction,   rehabilitation,  alteration or improvement of such project, except where   the state urban development corporation, in its discretion,  finds  such   compliance  not  feasible  or  practicable,  in which event such project   shall comply with the requirements of the  state  building  construction   code,  formulated by the state building code council pursuant to article   eighteen  of  the  executive  law,  applicable  to  such   construction,   reconstruction,  rehabilitation,  alteration  or improvement. No county,   city, town or village shall have power to modify or change the drawings,   plans  or   specifications   for   the   construction,   reconstruction,   rehabilitation,  or improvement of any such project or the construction,   plumbing, heating, lighting or other mechanical branch of work necessary   to complete the work in question, nor to require that any  person,  firm   or  corporation employed on any such work shall perform any such work in   any other or different manner than  that  provided  by  such  plans  and   specifications, nor to require that any such person, firm or corporation   obtain   any   other   or  additional  authority,  approval,  permit  or   certificate from such county, city, town or village as  a  condition  of   doing such work, nor shall any condition whatever be imposed by any such   county,  city,  town  or village in relation to the work being done, and   the doing of any such  work  by  any  person,  firm  or  corporation  in   accordance  with  the  terms  of such drawings, plans, specifications or   contracts shall not subject said person,  firm  or  corporation  to  any   liability  or penalty, civil or criminal, other than as may be stated in   such contracts or incidental to  the  proper  enforcement  thereof;  nor   shall  any  county, city, town or village have power to require that any   subsidiary of the New York state urban development corporation,  or  any   lessee  therefrom  or successor in interest thereto, obtain any other or   additional authority, approval, permit, certificate  or  certificate  of   occupancy  from  such  county,  city,  town or village as a condition of   owning, using, maintaining, operating or occupying any project acquired,   constructed,  reconstructed,  rehabilitated  or  improved  by  any  such   subsidiary of the New York state urban development corporation.
NY Priv Hous Fin L § 576-E (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 576-E - Municipal Housing Assistance Fund.

§  576-e.  Municipal  housing  assistance  fund. 1. A municipality may   create and establish a fund  to  be  known  as  the  "municipal  housing   assistance  fund".  Such  a fund shall be created and established in the   supervising agency.2. There may be paid into such municipal housing assistance  fund  (a)   any  moneys  appropriated and made available by the municipality for the   purposes of such fund, (b) notwithstanding the provisions of  the  local   finance  law  or  any  other  provisions  of law, any moneys received in   repayment of loans from such fund, and (c) any other moneys which may be   available for the purpose of such fund from any other source or sources.3. The purpose of  such  fund  shall  be  to  make  loans  to  housing   development  fund  companies  which  have  agreed to acquire residential   properties by deed from the commissioner of finance  of  a  municipality   and  to  operate  and  manage  such  properties  in  accordance  with  a   regulatory agreement with the  municipality  until  the  properties  are   transferred to a new owner approved by the municipality.4.  The supervising agency may make loans from the fund to enable such   housing development fund companies to  pay  development  costs  and  any   other  expenses  incurred  by  the  housing development fund company and   approved by the supervising agency.5. Any housing development fund company which receives a loan pursuant   to this section shall execute a note and regulatory agreement. The  note   may  provide that it shall be reduced to zero over a period of continued   compliance with either the regulatory  agreement  required  pursuant  to   this  section  or  such  other  regulatory  agreement as the supervising   agency shall require. The loan shall be reduced to zero only if prior to   or simultaneously with delivery of such note, the supervising agency has   made a written determination that such reduction would be  necessary  to   ensure the continued affordability or economic viability of the project.   Such  written determination shall document the basis upon which the loan   was determined eligible for evaporation.6. A regulatory agreement pursuant to this section may terminate  upon   such terms and conditions as provided by the supervising agency.7.  A  housing development fund company which receives a loan pursuant   to this section shall provide in its certificate of  incorporation  that   the  supervising  agency  shall  have  the power if in its discretion it   determines that the company has defaulted  in  its  obligations  to  the   municipality to appoint to the board of such corporation a number of new   directors  which  number shall be sufficient to constitute a majority of   the board, notwithstanding any other provisions of such  certificate  or   of any other provision of law.
NY Priv Hous Fin L § 577-A (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 577-A - Adjusting Fair Rental Equalization for the Elderly.

§  577-a.  Adjusting fair rental equalization for the elderly. (a) For the purpose of enabling lower income  elderly  persons  to  continue  in occupancy without paying rentals in excess of a fair proportion of their income, any municipality having a population of less than one million is authorized  to  make  and  to  contract  to  make periodic payments to a housing  development  fund  company  in  an  amount  not  exceeding  the difference  between  the  rent  or  carrying  charges  for the dwellings occupied by such  lower  income  persons  and  one-third  of  their  net probable  aggregate  annual  income, where such rent or carrying charges exceed such one-third of income; provided that the aggregate  amount  of periodic  payments  to be made in accordance with contracts entered into by the municipality during any fiscal  year  thereof  pursuant  to  this section,  subdivision  nine  of section thirty-one, subdivision seven of section eighty-five-a,  and  section  one  hundred  twenty-six  of  this chapter shall not exceed the aggregate amount of all real property taxes paid  or  payable  during  such  fiscal  year by all companies organized pursuant to this article, article II, article IV, and article V of  this chapter  and  the  aggregate estimated receipts of all such companies in such fiscal year from rental surcharges collected  or  to  be  collected pursuant to this chapter.  (b)  Such  payments  shall  be made only where over-income tenants are required to pay surcharges to the municipality.  (c) Such payments shall be made only on account of a person or  family in  occupancy  where the head of the household is sixty-two years of age or older and is not a recipient of public  assistance  pursuant  to  the social  services law, and where the net probable aggregate annual income of the person or family in occupancy does not exceed six  thousand  five hundred  dollars  a year.  Notwithstanding the provisions of subdivision twenty-nine of section two  of  this  chapter,  net  probable  aggregate annual  income  as used in this subdivision shall mean the annual income of family members from all sources after deduction of federal, state and city income taxes; provided  that  any  municipality  may  provide  that increases  in  benefits  under the social security act which take effect after such person or family has assumed occupancy  shall  not  be  taken into account.  (d) A company having a contract with the municipality pursuant to this subdivision  may  not  collect  from persons or families in occupancy on whose account such payments are  made  any  rentals  in  excess  of  the amounts specified in such contract.
NY Priv Hous Fin L § 577-B (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 577-B - Payment of Arrears for Certain Taxes.

§  577-b.  Payment  of arrears for certain taxes. 1. The term eligible property as used in this section shall mean a multiple dwelling  located in  a  city  with  a  population  of  one million or more and owned by a company established pursuant to this article which:  (a) is controlled  by  and  provides  housing  accommodations  to  its resident  shareholders  or  members  or agrees, on terms approved by the supervising agency, to offer to the residents of the  multiple  dwelling the opportunity to acquire ownership and control of the company; and  (b) on January first, two thousand two, had outstanding municipal real estate taxes relating to any period prior to January first, two thousand one.   2.  (a)  The supervising agency may offer to each company that owns an eligible property an opportunity to enter into  a  regulatory  agreement pursuant  to  which  the  obligation to pay arrears of real estate taxes attributable to such property, including interest and penalties if  any, shall be dealt with as provided in such agreement.  (b) The regulatory agreement shall include the following provisions:  (1) a term of thirty years;  (2)  that  the  suspension  of  the  obligation  to  pay arrears shall continue provided that the  company  complies  with  the  terms  of  the regulatory agreement;  (3)  that all suspended arrears including interest and penalties shall be forgiven provided that  the  company  complies  with  the  regulatory agreement for an initial period of ten years;  (4)  that portions of the suspended arrears may be forgiven during the initial ten year period  pursuant  to  a  schedule  established  in  the regulatory agreement;  (5) that any suspended obligations which have not been forgiven may be reinstated if the company fails to comply with the regulatory agreement;  (6) that all new municipal charges must be paid in a timely fashion;  (7)  that the supervising agency shall be authorized to assume control of the company if the company fails to comply with the agreement;  (8) that the company must comply with customary  financial  and  other reporting requirements; and  (9) that the company shall be required to increase maintenance charges or  impose  assessments  to  insure that the company can provide for its obligations.  (c) The regulatory agreement shall also include terms to  address  the following  matters  as  well  as  any  other issues that the supervising agency deems appropriate:  (1) establishment of a structured reserve fund;  (2) restrictions to insure  sales  and  rentals  only  to  low  income individuals and families;  (3)  establishment  of a transfer fee payable to the company's reserve fund upon the sale of any units;  (4) restrictions on subletting;  (5) primary residence requirements; and  (6) certification of annual elections.  (d) The regulatory agreement may contain such alterations to the terms of the original disposition as the supervisory agency deems necessary.
NY Priv Hous Fin L § 578 (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 578 - Advisory and Educational Services.

§  578.  Advisory  and  educational services. The commissioner and the   supervising agency are each hereby  authorized  to  provide  to  housing   development  fund  companies  such  advisory, consultative, training and   educational services as will assist them to become eligible borrowers in   accordance with the  provisions  of  this  article.  Such  advisory  and   educational  services  may  include  but  are not necessarily limited to   technical and professional  planning  assistance,  the  preparation  and   promulgation  of  organizational,  planning and development outlines and   guides, consultation services, training courses, seminars and  lectures,   the  preparation  and  dissemination  of  newsletters  and other printed   materials, and the services of field representatives.  The  commissioner   and the supervising agency are each also authorized to provide advisory,   consultative,  technical,  training  and educational services to housing   development fund companies in the management of  such  projects  and  to   residents thereof, including but not limited to home management and such   other  training  and  advisory  services  as  may  be  necessary for the   efficient and harmonious management of the project.
NY Priv Hous Fin L § 579 (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 579 - Rules and Regulations.

§  579.  Rules  and  regulations. The commissioner and the supervising   agency shall each have power to make rules and regulations to carry  out   their  respective  powers  and  duties  pursuant  to this article and to   effectuate the purposes thereof.
NY Priv Hous Fin L § 580 (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 580 - Examination by Comptroller.

§  580. Examination by comptroller. 1. The comptroller, or his legally   authorized representative, is hereby authorized and empowered from  time   to  time  to  examine the books and accounts of the division relating to   the housing development fund, and from time to time, not less than  once   every  five  years,  to  examine  the books and accounts of each housing   development fund company which received or is to receive aid  from  such   fund  pursuant  to  this article, including its receipts, disbursements,   contracts, leases, loans, and any other moneys relating to its financial   operation, and from time to time, to examine the books and  accounts  of   any  local loan administrator which has received advances from such fund   pursuant to this article, but only insofar as those books  and  accounts   relate to such advances and to the local loan administrator's compliance   with  the  master  servicing  agreement entered into pursuant to section   five hundred seventy-six-d of this article.2. The comptroller of a municipality or, in the case of a municipality   having no comptroller, the chief fiscal officer of such municipality, is   hereby authorized and empowered from time to time to examine  the  books   and accounts relating to the municipal housing development fund, and the   supervising agency is hereby authorized and empowered from time to time,   not  less  than once every five years, to examine the books and accounts   of each housing development fund company which received or is to receive   aid from such fund, including its  receipts,  disbursements,  contracts,   leases, loans, and any other moneys relating to its financial operation.
NY Priv Hous Fin L § 581 (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 581 - Inconsistent Provisions in Other Laws Superseded.

§  581.  Inconsistent  provisions in other laws superseded. Insofar as   the provisions of this article are inconsistent with the  provisions  of   any other law, general, special or local, the provisions of this article   shall be controlling.
NY Priv Hous Fin L § 582 (2021)
2021 New York Laws PVH - Private Housing Finance Article 11 - Housing Development Fund Companies 582 - Separability Clause.

§  582.  Separability  clause.  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 § 600 (2021)
2021 New York Laws PVH - Private Housing Finance Article 13 - Miscellaneous 600 - Construction.

§  600.  Construction.  This  chapter  shall be construed liberally to   effectuate the purposes hereof, and the enumeration of  specific  powers   in this chapter shall not operate to restrict the meaning of any general   grant  of  power  contained  in  this chapter or to exclude other powers   comprehended in such general grant.
NY Priv Hous Fin L § 601 (2021)
2021 New York Laws PVH - Private Housing Finance Article 13 - Miscellaneous 601 - Separability Clause.

§  601.  Separability  clause.  If  any  clause,  sentence, paragraph,   section or part of this chapter  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 § 602 (2021)
2021 New York Laws PVH - Private Housing Finance Article 13 - Miscellaneous 602 - Prohibition Against Discrimination.

§  602.  Prohibition  against  discrimination. For all the purposes of   this chapter, no person shall, because of race, creed, color or national   origin, be subjected to any discrimination.
NY Priv Hous Fin L § 603 (2021)
2021 New York Laws PVH - Private Housing Finance Article 13 - Miscellaneous 603 - Pending Actions or Proceedings.

§  603.  Pending  actions  or  proceedings.  This  chapter or anything   therein contained shall not affect or abate  any  actions,  proceedings,   civil  or  criminal,  pending  at  the time when this chapter shall take   effect, brought by, for or against the  state,  the  state  division  of   housing,  any municipality, limited-profit housing company, the New York   state housing  finance  agency,  limited-dividend  housing  corporation,   redevelopment  company,  urban  redevelopment  corporation  or  mortgage   facilities corporation, under or in pursuance of the provisions  of  the   laws  repealed  by this chapter; but all such actions or proceedings may   be continued, prosecuted, conducted and completed as if such  laws  were   not repealed but continued to be fully effective.
NY Priv Hous Fin L § 605 (2021)
2021 New York Laws PVH - Private Housing Finance Article 13 - Miscellaneous 605 - Laws Repealed.

§  605.  Laws  repealed. Of the laws enumerated in the schedule hereto   annexed, that portion specified in the last column is  hereby  repealed,   except as provided in sections ninety-six and six hundred four. SCHEDULE OF LAWS REPEALED    Public Housing      Article 1        Subdivision 14-a of section 3   Law                 Article 7        Sections 129, 130, 131, 134, 135Article 9        All    Laws of             Chapter          Section1941             892               All1942             845               All1943             234               All1946             673               All1947             840               All1951             190               All1955             407               All except section 21956             564               All1956             832               All1956             877               All1957             218               All1957             334               All1957             608               All1957             750               All1957             971               All1957             973               Sections 1, 2, 3 and 41958             364               All1958             505               Sections 1 and 21958             656               All1958             904               All1958             957               Section 11959             486               All1959             675               Sections 1, 2, 3 and 41959             727               All1960             116               Sections 1 and 21960             359               Sections 4, 5 and 61960             669               All1960             670               Sections 1, 2 and 31960             671               All except section 31960             694               All1960             892               Section 31960             959               Section 21960             990               All
NY Priv Hous Fin L § 609 (2021)
2021 New York Laws PVH - Private Housing Finance Article 13 - Miscellaneous 609 - Enacted Without Section Heading.

§  609.  This  act  shall  take  effect  March first, nineteen hundred   sixty-two.
NY Priv Hous Fin L § 650 (2021)
2021 New York Laws PVH - Private Housing Finance Article 12 - New York City Housing Development Corporation 650 - Short Title.

§  650.  Short  title. This article shall be known and may be cited as   the "New York city housing development corporation act."
NY Priv Hous Fin L § 651 (2021)
2021 New York Laws PVH - Private Housing Finance Article 12 - New York City Housing Development Corporation 651 - Statement of Legislative Findings and Purpose.

§  651.  Statement  of  legislative  findings  and  purpose.  1. There   continues to exist in the city of New York a seriously inadequate supply   of safe and sanitary dwelling accommodations within the financial  reach   of  families  and  persons  of  low  income.  The ordinary operations of   private  enterprise  cannot  provide  an   adequate   supply   of   such   accommodations  at  rentals  and  carrying  charges  which  families and   persons of low income can afford. In order to encourage  the  investment   of  private  capital and provide such dwelling accommodations, provision   should be made for mortgage loans  at  low  interest  rates  to  housing   companies  which,  subject to regulation as to rents, profits, dividends   and  disposition   of   their   property,   supply   multiple   dwelling   accommodations,  and other facilities incidental or appurtenant thereto,   to such families and persons. For that purpose there should be created a   corporate governmental agency, to be known as the "New York city housing   development corporation," which, through  the  issuance  of  its  bonds,   notes  or other obligations to the private investing public, may attract   a broad base of investment by the greatest number of the general  public   and  obtain  the  funds  necessary to make or finance the making of such   mortgage loans.2. There also exists in the  city  of  New  York  a  large  number  of   multiple  dwellings which are inadequate, unsafe or insanitary and which   can be made adequate, safe  and  sanitary  by  rehabilitation  or  other   improvement.  Such  rehabilitation  or  improvement  cannot  readily  be   provided by the ordinary operations of private enterprise without public   aid in the form of low interest loans to the  owners  of  such  multiple   dwellings.  In  order  to encourage the investment of private capital in   such  rehabilitation  and  improvement,  the  agency  should   also   be   empowered, through the issuance of its bonds, notes or other obligations   to  the  private investing public, to obtain the funds necessary to make   or finance the making of such low interest loans.The necessity in the public interest for  the  provisions  hereinafter   enacted is hereby declared as a matter of legislative determination.