2023 New York Laws › PBG - Public Housing › Article 15 - New York City Public Housing Preservation Trust › 629 - Powers and Duties of the Trust.

§  629.  Powers  and  duties  of  the  trust. The trust shall have the
  following powers and duties:
1. to sue and be sued;
2. to have a seal and alter the same at pleasure;
3. to make and, as necessary, to amend  and  repeal  by-laws  for  the
  trust  and the management and regulation of its affairs not inconsistent
  with the provisions of this article;
4. to appoint the president of  the  trust  and  fix  the  president's
  compensation,  pursuant  to  section  six  hundred  twenty-eight of this
  article, and to execute direct oversight  of  the  president  and  other
  management  in  the  effective  and ethical management of the trust, and
  establish policies regarding the payment  of  salary,  compensation  and
  reimbursements  to,  and  establish rules for the time and attendance of
  the president and management;
5. to engage or  assist  in  the  development,  design,  construction,
  reconstruction,  improvement,  modernization, rehabilitation, repairing,
  and operation of housing facilities  pursuant  to  section  two  hundred
  twenty of the labor law;
6.  to acquire or transfer real and personal property and improvements
  thereon, or any interest therein, by any method, necessary or convenient
  for the exercise of its functions, powers and duties; provided that such
  transfer shall not be utilized to avoid  the  use  of  a  project  labor
  agreement  or  payment  of the prevailing wage requirements set forth in
  section two hundred twenty of the labor law;
7. to encumber residential property and buildings held  by  the  trust
  and  limit  use  to  residents who are low-income families as defined in
  subdivision eleven of section six hundred twenty-seven of  this  article
  and  other  residents as defined in subdivision seventeen of section six
  hundred twenty-seven of this article;
8. to make and execute contracts and all other  instruments  necessary
  or  convenient  for  the  exercise  of its functions, powers and duties,
  including procurement contracts consistent with applicable provisions of
  this article. Notwithstanding any provision  of  law  to  the  contrary,
  including  but  not  limited to article eight of this chapter, the trust
  may enter into contracts, consistent with applicable provisions of  this
  article, with NYCHA or on behalf of and for the benefit of NYCHA;
9.  to  enter into agreements with the NYCHA or other entities for the
  provision of management, maintenance and other services;
10. notwithstanding the provisions of section twenty-five hundred four
  of the insurance law or any other provision of law to the  contrary,  to
  procure  or cause to be placed or procured insurance on behalf of itself
  and  others  against  any  loss  in  connection  with  its   activities,
  properties  and  other assets, in such amounts and from such insurers as
  it deems desirable;
11. to enter into agreements with public agencies and public  entities
  for the receipt of services;
12.  to  borrow  and  loan  funds  and  issue  bonds,  notes  or other
  obligations consistent with this article;
13. to form or participate as members or partners of private entities,
  which may include but are not limited to,  not-for-profit  corporations,
  housing  development  fund corporations, limited liability corporations,
  and limited partnerships, to further the purposes and powers  given  and
  granted by this section;
14.  to  earn  fees  and other proceeds from the activities and powers
  given and granted by this section;
15. to apply  for  or  accept  from  any  source  any  gifts,  grants,
  donations,  or  conveyances  of  land,  money,  other  real  or personal
  property, or other items of value, or loans  of  funds  or  property  or

  financial  or  other aid or credit assistance in any form, including any
  guaranty, line of credit, or grant, from the federal government  or  any
  agency  or  instrumentality  thereof,  from  the  state or any agency or
  instrumentality  thereof, from the city or any agency or instrumentality
  thereof, or from any other source,  for  any  or  all  of  the  purposes
  specified  in this article, and it may comply, subject to the provisions
  of this article, with the terms and conditions thereof;
16. prior to the approval of any rule or regulation  affecting  rights
  and  protections afforded to residents of housing facilities, including,
  but not limited to, resident protections and opportunities  pursuant  to
  section  six  hundred  thirty-one  of  this  article,  lease  revisions,
  schedules of special charges for services, repairs  and  utilities,  and
  rules  and  regulations  to be incorporated into the lease by reference,
  the trust shall post a notice containing the proposed rule or regulation
  on the website of the trust and in a prominent location in the  affected
  housing facility. Such notice shall include (a) a statement of the basis
  and  purpose of the proposed rule, (b) the time and place of the meeting
  at which the board will provide residents an opportunity to provide oral
  comment on such proposed  rule,  provided  that  a  meeting  to  provide
  residents  an  opportunity to provide oral comment shall not be required
  if such rule is required by law with only minor,  if  any,  exercise  of
  discretion  by  the  trust, or does not adversely affect the protections
  afforded to  the  residents  of  the  housing  facilities,  and  (c)  an
  opportunity to submit written comments and the final date for receipt of
  written  comments.  The  trust  may  adopt  a  rule  or regulation after
  receiving written comments on the proposed  rule  or  regulation  for  a
  period  of  at  least thirty days. The trust shall consider all comments
  received in such period prior to adopting such rule  or  regulation.  In
  the  event  the  trust determines that immediate adoption of any rule or
  regulation is necessary  for  the  preservation  of  health,  safety  or
  general  welfare  and that compliance with the foregoing requirements of
  this subdivision would be contrary to the public interest, such proposed
  item may be adopted on an  emergency  basis.  The  trust  shall  provide
  written justification for such determination and make such justification
  publicly available including via its website and in a prominent location
  in the affected housing facility. Any such immediate adoption shall only
  remain  in  effect  for sixty days, and during such time the trust shall
  comply with the requirements  of  this  subdivision  in  order  for  the
  adoption of the rule or regulation to become permanent. All notice shall
  be undertaken in compliance with language access requirements in federal
  and state law, as applicable; and
17.  to do any and all things necessary or convenient to carry out and
  exercise the powers given and granted by this article.