reglab/housing_qa huggingface dataset:
NY Priv Hous Fin L § 451 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-A - Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions 451 - Definitions.

§ 451. Definitions.  As used in this article the following terms shall   mean:1. "Existing multiple dwelling." Any dwelling classified as a multiple   dwelling  pursuant  to the multiple dwelling law and in existence on the   date upon which an application for a loan pursuant to  this  article  is   received  by  the municipality. For purposes of this article an existing   multiple dwelling shall be deemed to include any garden-type  maisonette   dwelling project consisting of a series of dwelling units which together   and  in  their  aggregate  were arranged or designed to provide three or   more apartments and are  provided  as  a  group  collectively  with  all   essential  services  such  as,  but  not limited to, water supply, house   sewers and heat, and which are in existence and operated as a unit under   single ownership on the date  upon  which  an  application  for  a  loan   pursuant   to   this   article   is   received   by   the  municipality,   notwithstanding that certificates of occupancy were issued for  portions   thereof as private dwellings.2.  "Occupancy  by persons of low income." Occupancy by persons paying   rentals or carrying charges not in excess  of  the  average  rentals  or   carrying  charges  prevailing  in  local  projects  of municipally-aided   limited-profit  housing  companies  aided  under  article  two  of  this   chapter,  the  occupancy  of which commenced on or after May eighteenth,   nineteen hundred seventy.3. "Owner." An individual, partnership, corporation or  other  entity,   including   a  non-profit  company,  a  mutual  company,  or  a  housing   development fund company, which holds record title in fee simple to  the   multiple  dwelling and the real property upon which it is situate or the   lessee thereof under a lease the unexpired term of which  shall  be  not   less than the term of the loan to be made under this article.4.  "Federal  grant funds." Any grants received from the United States   of  America  for   community   development   activities   or   for   the   rehabilitation or conservation of multiple dwellings.
NY Priv Hous Fin L § 453 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-A - Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions 453 - Conditions Precedent to Making Such Loans.

§ 453. Conditions precedent to making such loans.   1.  No  such  loan  shall  be made by a municipality to an owner of an existing multiple dwelling unless the owner of  such  multiple  dwelling shall  covenant  in  writing that so long as any part of such loan shall remain unpaid:  (a) Each dwelling unit in such multiple dwelling  shall  be  available solely for occupancy by persons of low income;  (b) No person who lives in such multiple dwelling at the time the loan is  made  shall  be  required  to  move because of the rehabilitation or improvement financed thereby;  (c) All persons operating or  managing  such  multiple  dwelling  will permit  the duly authorized officers, employees, agents or inspectors of the municipality to enter in or upon and inspect such multiple  dwelling at all reasonable hours; and  (d)  The  municipality  by  such  duly  authorized  representatives as aforesaid shall have full power to investigate into and order the  owner of  such multiple dwelling to furnish such reports and information as it may require concerning such rehabilitation or improvement and shall have full power to audit the  books  of  said  owner  with  respect  to  such matters; and  (e)  The  owner  will  submit  to  the  supervising  agency annually a statement of the income and expenses of such multiple dwelling, in  such form as shall be approved by such agency.   2.  No  such  loan  shall  be made by a municipality unless such owner executed an affidavit that he was unable to obtain  financing  for  such rehabilitation  or  improvement  because of the neighborhood, the age of the building, or other factors indicating an inability  of  the  private sector unaided to cause such rehabilitation or improvement to be made.
NY Priv Hous Fin L § 454 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-A - Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions 454 - Servicing of Municipal Loans by Banking Institutions.

§  454.  Servicing  of  municipal  loans  by banking institutions. The   municipality is  authorized  to  make  provision,  either  in  the  loan   agreement  or  by separate agreement, for the performance by one or more   banking institutions of such services as are generally performed by  any   such  bank  itself owning and holding such a loan and as may be approved   by the superintendent of financial services, for which services  a  bank   may  make  and  collect such service charges as the superintendent shall   prescribe or approve.
NY Priv Hous Fin L § 455 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-A - Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions 455 - Rules and Regulations.

§  455.  Rules and regulations.  The supervising agency may promulgate   supplementary rules and regulations to carry out the provisions of  this   article, not inconsistent with the provisions of this article.
NY Priv Hous Fin L § 456 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-A - Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions 456 - Minimization of Displacement.

* §  456.  Minimization  of displacement. The supervising agency shall   use its best efforts to ensure that activities carried out  pursuant  to   subdivisions  seven  and eight of section four hundred fifty-two of this   article  are  structured  so  as  to  minimize  the  likelihood  of  any   involuntary  economic  displacement  of  tenants  who reside in multiple   dwellings  which  are  the  subject  of  such  activities.  However,  if   temporary  physical  displacement  is  required  as  a  direct result of   rehabilitation  work  which  is  performed  in  such  multiple  dwelling   receiving  a loan pursuant to this article suitable temporary relocation   arrangements shall be provided.* NB Expires July 1, 2024
NY Priv Hous Fin L § 457 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-A - Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions 457 - Records.

* §  457.  Records. The supervising agency shall take reasonable steps   to determine and maintain a record of tenants economically displaced  by   virtue  of the exercise of powers granted pursuant to subdivisions seven   and eight of section four hundred fifty-two of this article.* NB Expires July 1, 2024
NY Priv Hous Fin L § 470 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 470 - Policy and Purposes of Article.

§ 470. Policy and purposes of article. It is hereby declared and found   that  there  exists  in  municipalities within the state substandard and   unsanitary   areas    and    neighborhoods    containing    deteriorated   owner-occupied one to four unit private and multiple dwellings, and that   the rehabilitation of such dwellings is necessary in order to aid in the   prevention  and  elimination  of  slums  and  blight  in  such areas and   neighborhoods.It further is  found  that  there  exists  in  such  municipalities  a   seriously  inadequate  supply of safe and sanitary owner-occupied one to   four unit private and multiple dwellings, particularly  for  persons  of   low and moderate income, that existing non-compliance with local housing   codes  and with the multiple dwelling law and the multiple residence law   threatens to decrease such  supply,  and  that  the  rehabilitation  and   improvement  of such dwellings is necessary to arrest such conditions of   deterioration.It further is  found  that  the  elimination  of  such  conditions  by   rehabilitation  or other improvements cannot be readily provided without   public aid in the form of low interest loans to low and moderate  income   owner-occupants of such one to four unit dwellings.The  rehabilitation  or other improvements of such dwellings owned and   occupied by low and moderate  income  persons  or  families,  is  hereby   declared  a  public  purpose  and  a  municipal purpose for which public   monies may be loaned.In order, further, to promote the preservation and  rehabilitation  of   such  dwellings, it is hereby declared that additional provisions should   be made to provide public monies for interest  reduction  subsidies  for   private loans made by private investors for such rehabilitation.The  necessity  in  the  public  interest  for  the provisions of this   article is hereby declared as a matter of legislative determination.
NY Priv Hous Fin L § 473 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 473 - Conditions Precedent to Making Such Loans.

§  473.  Conditions  precedent  to  making such loans. 1. No such loan   shall be made to an owner-occupant of an existing  private  or  multiple   dwelling  unless the owner-occupant of such private or multiple dwelling   shall covenant in writing that so long as any part of  such  loan  shall   remain  unpaid:  (i) the owner-occupant or managing agent or operator of   such dwelling shall permit  the  duly  authorized  officers,  employees,   agents  or inspectors of the agency to enter in or upon and inspect such   private or multiple dwelling at all reasonable hours; (ii) the agency by   such duly authorized representatives as aforesaid shall have full  power   to  investigate  into  and  order the owner-occupant of such dwelling to   furnish such reports and information as it may require  concerning  such   rehabilitation  or  improvement  and  shall have full power to audit the   books of said owner with respect to  such  matters;  and  (iii)  if  the   property  to be rehabilitated is a multiple dwelling, the owner-occupant   will submit to the agency annually a statement of income and expenses of   such dwelling, in such form as shall be approved by the agency.2. A municipality shall neither make nor participate in a loan  to  an   owner-occupant  of  an existing private or multiple dwelling pursuant to   this article unless the  agency  finds  that  the  area  in  which  such   dwelling  is  situated is a blighted, deteriorated or deteriorating area   or has a blighting influence on the surrounding area, or is in danger of   becoming a  slum  or  a  blighted  area  because  of  the  existence  of   substandard,  unsanitary,  deteriorating  or deteriorated conditions, an   aged housing stock, or other factors  indicating  an  inability  of  the   private sector to cause such rehabilitation to be made.3.  The  agency  shall  have  the power to impose additional terms and   conditions precedent to make such loans.
NY Priv Hous Fin L § 474 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 474 - Servicing of Loans by Banking Institutions and Loan Servicing Companies.

§  474.  Servicing of loans by banking institutions and loan servicing   companies. 1. The agency is authorized to make provision in the note and   loan agreement or by separate agreement for the performance  by  one  or   more banking institutions of such services as are generally performed by   any  such  bank  itself  owning  and  holding  such a loan and as may be   approved by the superintendent of financial services for which  services   a  bank  may make and collect such service charges as the superintendent   shall prescribe or approve.2. The agency is authorized to make provision in  the  note  and  loan   agreement  or by separate agreement for the servicing of such loans by a   loan servicing company and such services may include, but not be limited   to,  the  collection  of  the  debt  services  on  such  loans  and  the   establishment, administration, and distribution of an escrow account for   the  payment  of the owner-occupant's real estate taxes, sewer and water   rents and fire insurance.
NY Priv Hous Fin L § 475 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 475 - Interest Reduction Subsidies.

§ 475. Interest reduction subsidies. Notwithstanding the provisions of   any  general,  special  or  local law, a municipality, acting through an   agency, is authorized to  provide,  or  contract  to  provide,  interest   reduction  subsidies  for  loans  made  by  private investors to low and   moderate income owner-occupants of one to four unit existing private  or   multiple    dwellings   within   its   territorial   limits,   if   such   owner-occupants would have been eligible under the  provisions  of  this   article for a loan made by the municipality pursuant to this article.
NY Priv Hous Fin L § 476 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 476 - Mortgage Recording Tax Exemption.

§   476.   Mortgage   recording  tax  exemption.  Notwithstanding  any   inconsistent provision of law, mortgages to secure a loan made  pursuant   to  the  provisions  of  this  article shall be exempt from the mortgage   recording taxes imposed by article eleven of the tax law.
NY Priv Hous Fin L § 477 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 477 - Rules and Regulations.

§  477.  Rules  and  regulations.  The agency may promulgate rules and   regulations to carry out the provisions of this article.
NY Priv Hous Fin L § 478 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8-B - Loans to Owner-Occupants of One to Four Unit Private and Multiple Dwellings 478 - Source of Funds.

§  478.  Source  of  funds.  A  municipality may utilize federal grant   funds, state grant funds or any municipal funds to  make  loans  and  to   provide interest reduction subsidies pursuant to this article.
NY Priv Hous Fin L § 500 (2021)
2021 New York Laws PVH - Private Housing Finance Article 9 - Acquisition of Property 500 - Acquisition of Real Property.

§  500. Acquisition of real property. Real property may be acquired by   a housing company, a limited-profit housing company or by a municipality   for a housing company or a  limited-profit  housing  company,  by  gift,   grant, devise, purchase, condemnation or otherwise.
NY Priv Hous Fin L § 502 (2021)
2021 New York Laws PVH - Private Housing Finance Article 9 - Acquisition of Property 502 - Condemnation of Excess Property.

§  502.  Condemnation  of  excess  property.  A  municipality may take   private property for a limited-profit housing  company  by  condemnation   for  the  purpose  of  providing  low  rent  housing for families of low   income,  or  for   the   clearance,   replanning,   reconstruction   and   rehabilitation  of  areas,  or  for  both  of  such  purposes,  and  for   recreational and other facilities incidental or appurtenant thereto, but   in excess of that required for public use after such purposes shall have   been accomplished. A municipality or a  limited-profit  housing  company   may  improve  and  utilize such excess property wholly or partly for any   other public purpose, or may lease or sell  such  excess  property  with   restrictions   to   preserve   and  protect  the  project  or  projects.   Proceedings to acquire such  excess  property  may  be  brought  by  the   municipality  for a limited-profit housing company in the same manner as   for the real property required for the project and may  be  included  in   the  proceedings  for  the acquisition of real property required for the   project.
NY Priv Hous Fin L § 503 (2021)
2021 New York Laws PVH - Private Housing Finance Article 9 - Acquisition of Property 503 - Sale or Lease of Municipal Lands to a Housing Company.

§  503. Sale or lease of municipal lands to a housing company. 1.  The   local legislative body of a municipality, by resolution,  may  determine   that  real property of the municipality, specified and described in such   resolution is not required for use by the municipality and may authorize   the municipality to sell or  lease  such  real  property  to  a  housing   company.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 municipality and the housing company.3.  Before any sale or lease to a housing company shall be authorized,   a public hearing shall be held by the local legislative body 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.5. The deed or lease of such property shall be executed  in  the  same   manner  as  a  deed or lease by the municipality for other real property   and shall contain appropriate conditions and provisions  to  enable  the   municipality to re-enter the property in the event of a violation by the   housing  company  of  any  of the provisions of this chapter relating to   such company or of the conditions or provisions of such deed or lease.6. A housing company purchasing or leasing land from  a  municipality,   shall  not,  without  the written approval of the municipality, use such   land for any purpose except in connection with a project approved  under   this  chapter.  The deed shall contain a condition that the company will   devote the land granted only for the purposes of a project,  subject  to   the  restrictions  of  this chapter for breach of which the municipality   shall have the right to re-enter and repossess itself of the land.
NY Priv Hous Fin L § 504 (2021)
2021 New York Laws PVH - Private Housing Finance Article 9 - Acquisition of Property 504 - Re-Entry of Lands Sold or Leased.

§  504.  Re-entry  of lands sold or leased. 1. After the expiration of   one year from the sale or lease of real property by the municipality  to   a  housing company, the municipality shall have the right of re-entry in   the manner hereinafter provided. Such right of re-entry may,  where  the   property  has  been sold, be exercised at any time prior to twenty years   after such sale, or where the property has  been  leased,  at  any  time   prior  to  the termination of the lease.  The local legislative body may   by resolution determine to re-enter the real  property  of  any  housing   company which has purchased or leased property from the municipality.2. A certified copy of such resolution shall be filed in the office of   the county clerk or register in which the deed or lease of such property   is  recorded, and shall be served upon the housing company and also upon   all obligees, mortgagees or holders of liens upon the real  property  or   upon  any  interest  therein.  Upon  the  filing  of such resolution all   indebtedness of the housing company shall  become  immediately  due  and   payable.3.  The municipality shall, within ninety days after the filing of the   resolution to re-enter, or as soon thereafter as may be feasible, pay to   the company a sum which, together with the assets of such company, shall   be sufficient to discharge all the indebtedness of the company, pay  the   reasonable  expenses  of  liquidation  and dissolution and return to the   holders of stock and debentures then outstanding, the par value  thereof   plus  interest  at  the rate of six per centum per annum and any accrued   and  unpaid  dividends  or  interest  on  such  outstanding  stock   and   debentures.4.  Upon  the making of such payment the housing company shall deliver   to the municipality proper instruments evidencing  the  cancellation  of   the  indebtedness  and  the  surrender  of the rights of the company and   thereupon the repossession by the municipality shall be complete.5. In the event of a foreclosure of a mortgage or other lien  held  by   any  other  person,  bodies, institutions, associations, or corporations   specified  in  section  eighty-one  the  right  of   re-entry   by   the   municipality shall terminate upon the entry of a judgment of foreclosure   and sale.
NY Priv Hous Fin L § 507 (2021)
2021 New York Laws PVH - Private Housing Finance Article 9 - Acquisition of Property 507 - Condemnation Certificate of Commissioner.

§   507.  Condemnation  certificate  of  commissioner.  The  power  of   condemnation shall not be exercised by a housing  company,  except  with   the   authorization   of   such   action   by  the  commissioner,  which   authorization shall be in the form of a certificate declaring  that  the   acquisition  of  the  property  is  necessary  for the construction of a   project and that the acquisition is in the public interest and necessary   for the public use. Such certificate shall be issued only after a public   hearing. The certificate shall state the nature of the  interest  to  be   acquired.
NY Priv Hous Fin L § 508 (2021)
2021 New York Laws PVH - Private Housing Finance Article 9 - Acquisition of Property 508 - Notice of Public Hearing.

§  508.  Notice of public hearing. The hearing shall be held at a time   and place appointed by the commissioner who shall give  notice  of  such   hearing  by  publication in a newspaper, designated by him, published or   circulated in  the  municipality  or  county  wherein  the  property  is   located,  at  least ten days prior to such hearing. Where a municipality   publishes an official daily publication,  notice  of  hearing  shall  be   published  only  in  such official publication. A duly certified copy of   such certificate shall be conclusive evidence as to the matters lawfully   certified therein in any proceeding to acquire  property,  or  any  part   thereof, set forth in such certificate.
NY Priv Hous Fin L § 550 (2021)
2021 New York Laws PVH - Private Housing Finance Article 10 - Sale or Lease of Projects 550 - Application of Article.

§  550.  Application  of  article.  This  article  shall apply only to   federal,  state  or  municipal  projects  purchased   or   leased   from   municipalities  or  housing  authorities by housing companies. Except as   otherwise expressly provided in this article, the terms  and  provisions   of  this  chapter and other applicable laws shall apply to projects sold   or leased to housing companies and to housing companies  acquiring  such   projects.