2023 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.