reglab/housing_qa huggingface dataset:
NY Priv Hous Fin L § 357 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 357 - Financing.

§  357.  Financing.  1.  Any  company  formed  under this article may,   subject to the approval of the commissioner, borrow funds from  the  New   York  state  housing  finance agency and secure the repayment thereof by   bond or note and mortgage which shall contain such terms and  conditions   as  may  be  deemed necessary or desirable by the New York state housing   finance agency or required by any agreement between the New  York  state   housing  finance  agency  and  the  holders  of its notes and bonds with   respect to such companies, including the right to  assignment  of  rates   and fees and entry into possession in case of default, but the operation   of  such  project,  in  the  event  of  such  entry, shall be subject to   regulations promulgated by the department.2. The New York state housing finance agency may make  a  contract  to   make  loans  to companies not to exceed the total project cost. Any such   loan shall be secured by  a  first  mortgage  lien  upon  all  the  real   property  and  improvements  of  which the project consists and upon all   fixtures and articles of  personal  property  attached  to  or  used  in   connection   with   the   construction,   acquisition,   reconstruction,   rehabilitation, improvement or operation of the project.3. Any inconsistent provision of law to the contrary  notwithstanding,   mortgages of a company shall be exempt from the mortgage recording taxes   imposed by article eleven of the tax law.4.  The  provision  of  community  centers  for senior citizens and of   programs and services for senior citizens is hereby  declared  to  be  a   proper  public  and  municipal purpose for which the moneys of the state   and of its political subdivisions and of all public corporations may  be   raised  and  expended.  The state, and each political subdivision of the   state,  and  each  public  corporation  of  the  state  or  a  political   subdivision  thereof, and individuals, foundations and all other private   organizations and corporations may make capital grants  to  any  company   organized  pursuant  to  this  article  and  such company may accept and   receive the same and apply the same  in  payment  or  reduction  of  the   project cost.
NY Priv Hous Fin L § 358 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 358 - Conditions and Security for Loans.

§ 358. Conditions and security for loans. No loan shall be made by the New   York   state  housing  finance  agency  to  a  company  until  the commissioner has approved the project and finds that:  (1) The company has complied  with  all  of  the  provisions  of  this article and all applicable laws and regulations;  (2)  There is a need for a project of the type proposed in the area to be served and that the services and facilities to  be  provided  by  the project are consistent with such need;  (3)  The  plans  and specifications conform to the requirements of all laws and regulations applicable thereto and assure adequate light,  air, sanitation and fire protection and are satisfactory to him;  (4)  The  estimated revenue of the project will be sufficient to cover all probable costs of operation and maintenance, of  fixed  charges  and such  reserves  as  may be authorized by the commissioner or required by the New York state housing finance agency;  (5) Provision has been made for  the  purpose  of  providing  for  the payment  of  the  difference, if any, between the estimated project cost and the mortgage loan; and in the event the  final  project  cost  shall exceed  the  estimated  project  cost, the difference between such final project cost and the mortgage loan;  (6) Provision has been made for the filing by  the  company  with  the department  and  the  New  York  state  housing  finance  agency of such financial statements including  an  annual  report  setting  forth  such information as the commissioner may require; and  (7)  Provision  has  been made for the examination by the commissioner and the New York state housing finance agency of the books  and  records of the company.
NY Priv Hous Fin L § 359 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 359 - Rates and Fees.

§  359.  Rates  and  fees.  A  company shall, with the approval of the   commissioner, fix maximum rates and fees to be charged persons served by   each project for the facilities and services provided by the company  to   such persons, the average of such rates and fees for any one project not   to  exceed  the  maximum  average  rates  and  fees  determined  by  the   commissioner before any commitments are made  by  the  company  for  the   construction, acquisition, reconstruction, rehabilitation or improvement   of   the  project.  The  commissioner  upon  his  own  motion,  or  upon   application by the company or lienholder may vary  the  amount  of  such   rates and fees from time to time so as to secure together with all other   income  of  the  company,  sufficient  income to meet, within reasonable   limits, all necessary payments by the  said  company  of  all  expenses,   including fixed charges, sinking funds and reserves.
NY Priv Hous Fin L § 360 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 360 - Transfer of Real Property.

§  360.  Transfer of real property. 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   company  and  receive  and  hold  any  cash,  exchanged therefor by such   company and may execute such instruments and do  such  acts  as  may  be   deemed  necessary  or  desirable  by  them  or  it and by the company 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  an  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.
NY Priv Hous Fin L § 361 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 361 - Supervision and Regulation.

§  361. Supervision and regulation. 1. The department may from time to time make, alter,  amend  and  repeal  rules  and  regulations  for  the supervision,  examination,  regulation  and  audit  of companies and for carrying into effect the provisions and purposes of  this  article,  and each  company  shall  submit  an  annual report of its operations to the department and the New York  state  housing  finance  agency  which  may examine and audit the books and records of the company at any time.   2.  The  department  shall  have power to act for and in behalf of the agency in servicing the mortgage loans of the  agency,  and  to  perform such functions and services in connection with the making, servicing and collection of such loans as shall be requested by the agency.   3.  (a)  The  department may, with respect to any project of which the New York state housing finance agency has acquired the fee or otherwise, enter into an agreement with said agency subject to the approval of  the director of the budget, for the department, as provided in paragraph (b) hereof,  to  operate  the  said  project in a manner consistent with the purposes of this article. In such event, the department shall  have  the power  to  use  any available funds to pay all operating expenses and to comply with all the terms and provisions of the mortgage, as though  the mortgage  had  not been foreclosed, and to comply with the provisions of this article.  (b) Subject to the provisions of the agreement with said  agency,  the department  may  contract  with any person, firm or corporation which it deems qualified to operate and manage such project and to  perform  such duties and functions as it may deem necessary.
NY Priv Hous Fin L § 362 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 362 - Voluntary Dissolution.

§  362. Voluntary dissolution. At any time after the expiration of ten   years after the occupancy date, a company may be voluntarily  dissolved,   with  the  consent  of  the  commissioner, upon repayment in full of all   obligations under the mortgage and payment of  all  obligations  of  the   company, as approved by the commissioner.
NY Priv Hous Fin L § 363 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 363 - Foreclosures and Judgments.

§  363.  Foreclosures  and judgments. 1. In any foreclosure action the   commissioner shall be made a party defendant. He shall  take  all  steps   necessary  to  protect  the interests of the public therein and no costs   shall be awarded against him or the department. Foreclosures  shall  not   be  decreed  unless  the  court  to  which  application is made shall be   satisfied that the interests of the  lienholder  or  holders  cannot  be   adequately  assured  except  by  the  sale  of the property. In any such   proceeding, the court shall be authorized to appoint the commissioner as   receiver of the property, or to grant such other and further  relief  as   may be reasonable and proper.2.  Notwithstanding the foregoing provisions of this section, wherever   it shall appear that the New York state  housing  finance  agency  shall   have  made a mortgage loan which is a first lien upon any such property,   such New York state housing finance agency shall have all  the  remedies   available  to  a mortgagee under the laws of the state of New York, free   from any  restrictions  contained  in  this  section,  except  that  the   commissioner shall be made a party defendant and he shall take all steps   necessary  to  protect the interests of the public and no costs shall be   awarded against him or the department.3. In the event of a judgment against a  company  in  any  action  not   pertaining  to the collection of a mortgage indebtedness, there shall be   no sale of any of the real property of such company  except  upon  sixty   days'  written notice to the commissioner and the New York state housing   finance agency. Upon receipt of such notice  the  commissioner  and  the   agency  shall  take  such steps as in their judgment may be necessary to   protect the rights of all parties.
NY Priv Hous Fin L § 364 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 364 - Fees and Charges.

§  364.  Fees  and charges. The department may by regulation establish   and charge  to  any  company  such  fees  and  charges  for  inspection,   regulation,  supervision  and audit as to the department may appear just   and reasonable  in  order  to  recover  the  costs  of  performing  such   functions.
NY Priv Hous Fin L § 365 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 365 - Separability.

§  365.  Separability.  If  any clause, sentence, paragraph 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 § 400 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8 - Loans to Owners of Existing Multiple Dwellings 400 - Policy and Purposes of Article.

§  400.  Policy  and  purposes  of article. It is hereby declared that   there exists in municipalities in  this  state  a  seriously  inadequate   supply  of  safe  and  sanitary  dwelling accommodations for persons and   families of low income; that such shortage constitutes an emergency  and   a  grave  menace  to  the health, safety, morals, welfare and comfort of   citizens of this state; that there exists in such municipalities a large   number of multiple dwellings which are inadequate, unsafe or  insanitary   by  reason  of  the absence of proper heating facilities or by reason of   the necessity for elimination of conditions dangerous to human  life  or   detrimental  to health, including nuisances as defined, in section three   hundred nine of the multiple dwelling law, or for  other  rehabilitation   or improvement and which can be made adequate, safe and sanitary, by the   installation  of proper heating facilities or by other rehabilitation or   improvement  or  by  the  elimination  of  such  conditions;  that  such   installation,  rehabilitation  or improvement cannot readily be provided   by the ordinary unaided operation of private enterprise for occupancy by   persons or families of low income without public aid in the form of  low   interest  loans  to owners of such multiple dwellings for the purpose of   such installation, rehabilitation or improvement; that the  installation   of  proper  heating  facilities  in  such  multiple  dwellings  or other   rehabilitation or improvement thereof for occupancy by  persons  of  low   income  as  defined in this article is a public use and a public purpose   for which public money may be loaned; that such conditions  require  the   provisions hereinafter enacted; and the necessity in the public interest   for the provisions hereinafter enacted is hereby declared as a matter of   legislative determination.
NY Priv Hous Fin L § 404 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8 - Loans to Owners of Existing Multiple Dwellings 404 - Conditions Precedent to Making Such Loans.

§  404.  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 and all persons holding a lien prior to that  of  the  municipality  shall  covenant  in writing  that  so  long  as  any  part  of such loan remains unpaid, any exemption and abatement from taxation on the property resulting from the installations, alterations or improvements made with such  loan  remains in effect or for a period of at least ten years from the occupancy date, whichever is the later: (a) Each dwelling unit in such multiple dwelling shall be available solely for persons or families of low income;  (b)  Preference shall be given to persons who shall have lived in such multiple dwelling at the time the contract for the loan was entered into and were required to move because of such  installation,  rehabilitation or improvement;  (c)  No  charge  or rental for housing accommodations in such multiple dwelling shall be made or charged in excess of  the  rentals  prescribed pursuant to this article;  (d)  The agency may order such repairs as will preserve the health and safety of the occupants of such multiple dwelling;  (e) All persons operating or  managing  such  multiple  dwelling  will comply with the provisions of this article and the rules and regulations adopted  by  the agency pertaining to multiple dwellings aided hereunder and will refrain from doing any acts in violation thereof;  (f) All  such  persons  will  permit  the  duly  authorized  officers, employees,  agents  or  inspectors of the agency to enter in or upon and inspect such multiple dwelling at all reasonable hours;  (g) The agency shall have full power to investigate into and order the owner of said multiple dwelling to furnish such reports and  information as  the  agency  may require concerning the planning and construction of the installation, rehabilitation or improvement and the  management  and operation  of  said  multiple  dwelling. The agency shall also have full power to audit the books of such owner with respect to such matters;  (h) The foregoing covenants shall run with the land.   2. The local legislative body of the municipality or the agency  shall have power to impose additional terms and conditions precedent to making such loans.
NY Priv Hous Fin L § 406 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8 - Loans to Owners of Existing Multiple Dwellings 406 - Rules and Regulations.

§  406.  Rules and regulations. An 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 § 407 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8 - Loans to Owners of Existing Multiple Dwellings 407 - Participation by Certain Corporations and Individuals.

§  407.  Participation by certain corporations and individuals. 1. One   or more banking  institutions,  foundations,  labor  unions,  employers'   associations,  veterans'  organizations,  insurance companies, trustees,   fiduciaries or any combination of the foregoing, shall have the power to   participate and invest, singly or jointly, with a  municipality  or  the   New  York  city  housing  development  corporation in a bond or note and   single participating  mortgage,  or  in  separate  bonds  or  notes  and   mortgages  pursuant  to  and  in  accordance with the provisions of this   article. As used in this section, the terms "trustees" and "fiduciaries"   shall include any fiduciary or fiduciaries holding funds for investment.2. Banking institutions and  insurance  companies  may  exercise  such   power  on  such  conditions  as  may  be prescribed or authorized by the   superintendent of financial services.3. Where one or more banking institutions, foundations, labor  unions,   employers'  associations,  veterans' organizations, insurance companies,   trustees or fiduciaries participates and invests with a municipality  or   the  New  York  city  housing  development  corporation  as  provided in   subdivision one, the interest of each need not be equal as  to  priority   of lien, interest rate, time or rate of amortization or otherwise.4.   Where   a  municipality  joins  with  one  or  more  corporations   organizations or individuals of the kind hereinabove mentioned in making   a loan secured  by  a  single  participating  mortgage  or  by  separate   mortgages,  the  municipality may make provision, either in the mortgage   or mortgages or by separate  agreement,  for  the  performance  of  such   services  as  are  generally  performed  by  a  banking  institution  or   insurance company which itself owns and holds a mortgage or by a trustee   under a trust mortgage. The  agency  is  hereby  authorized  to  act  as   trustee or to consent to the appointment of a banking institution to act   in such capacity.
NY Priv Hous Fin L § 408 (2021)
2021 New York Laws PVH - Private Housing Finance Article 8 - Loans to Owners of Existing Multiple Dwellings 408 - Minimization of Displacement.

* §  408.  Minimization of displacement. The agency shall use its best   efforts to ensure that activities carried out pursuant to  this  article   are  structured  so  as  to  minimize  the likelihood of any involuntary   physical or economic displacement of  tenants  who  reside  in  multiple   dwellings   which  are  the  subject  of  such  activities,  other  than   temporarily,  as  a  direct  result  of  rehabilitation  work  which  is   performed  in  such  multiple  dwelling in which case suitable temporary   relocation arrangements shall be provided.* NB Expires July 1, 2024
NY Priv Hous Fin L § 450 (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 450 - Policy and Purposes of Article.

§  450.  Policy  and purposes of article.   It is hereby declared that   there exists in municipalities in  this  state  a  seriously  inadequate   supply  of safe and sanitary dwelling accommodations; that such shortage   constitutes an emergency and a  grave  menace  to  the  health,  safety,   morals,  welfare  and  comfort  of citizens of this state; that existing   conditions of deterioration of housing marked by noncompliance with  the   multiple dwelling law or local housing codes threaten a further decrease   in  such  supply;  that  rehabilitation  and improvement of dwellings to   prolong the useful life of such dwellings may  be  necessary  to  arrest   such   conditions   of  deterioration;  that  the  elimination  of  such   conditions by rehabilitation or  other  improvement  cannot  readily  be   provided by the ordinary unaided operation of private enterprise without   public  aid in the form of low interest loans to owners of such multiple   dwellings;  that  such  rehabilitation  or  other  improvement  of  such   dwellings  to bring them into conformance with the multiple dwelling law   and local housing codes is a public use, a public  purpose  and  a  city   purpose  for  which public money may be loaned by a municipality and for   which indebtedness may  be  contracted  by  a  municipality;  that  such   conditions require the provisions hereinafter enacted, and the necessity   in  the public interest for the provisions hereinafter enacted is hereby   declared as a matter of legislative determination.