NY Priv Hous Fin L § 901 (2021)
2021 New York Laws PVH - Private Housing Finance Article 16 - Neighborhood Preservation Companies 901 - Declaration of Legislative Findings.

§  901.  Declaration  of  legislative findings. The legislature hereby   finds and declares that there has developed in recent years, in  various   municipalities  of the state, a growth of community-based not-for-profit   organizations, originating for the most part  within  and  organized  by   residents  of neighborhoods which are characterized by a predominance of   residents of low income and a residential housing stock which is largely   old, deteriorating and substandard.The legislature further finds that the involvement of the residents of   various  municipalities  of  the  state  in  neighborhood   preservation   activities  in  their  respective  neighborhoods,  through  the media of   locally-based, not-for-profit organizations responsive to the  needs  of   the  residents, is in the public interest and may be expected to produce   increased renovation and rehabilitation of  existing  but  deteriorating   housing  accommodations, improvement in housing code enforcement and the   correction, removal  and  repair  of  substandard  housing  and  housing   conditions  dangerous  to  life,  safety  or health. Such involvement in   neighborhood preservation activities may also  be  expected  to  produce   reduced  abandonment  of  housing,  which  the  legislature  finds to be   increasing in many neighborhoods of the state and to  be  continuing  to   cause  shortages  of  housing accommodations for persons and families of   low income and the relocation of such  families  from  neighborhoods  to   which   they  have  developed  strong  emotional  as  well  as  economic   attachments.The legislature further finds that many municipalities throughout  the   state  are  now receiving or will receive monies under federal programs,   that such funds may be used and applied by such municipalities  for  the   neighborhood  preservation  activities  referred  to in this article and   that an efficient and  effective  use  of  such  funds  and  the  public   interest   will  be  promoted  by  the  active  involvement  of  various   not-for-profit organizations.The   legislature   further   finds   that   numerous   not-for-profit   organizations  which  have  arisen  throughout  the  state  are  heavily   dependent upon voluntary services of neighborhood residents;  that  such   organizations  are  dependent  in  part  for  operating  funds upon fees   generated  by  the  management  of  housing  accommodations;  that  such   organizations  are dependent for the remainder of their operating funds,   to a significant extent, upon gifts and grants from private individuals,   corporations  and  foundations;  that  such  financial   assistance   is   inherently  uncertain  and  covers  expenses  only over short periods of   time, thereby causing such organizations to  be  inadequately  financed,   unable  to plan any long range housing activities and unable to attract,   employ or contract with needed experts and technicians for assistance to   implementing neighborhood preservation programs; and that it is a proper   and necessary public purpose and activity of the  state  to  assure  the   adequate  funding  of  not-for-profit  organizations which are active in   neighborhood preservation activities.The necessity in the public interest for  the  provisions  hereinafter   enacted is hereby declared as a matter of legislative determination.