New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle S - Division of Housing and Community Renewal › Chapter V - Urban Renewal › Subchapter B - Housing Trust Fund Corporation › Article 1 - Housing Trust Fund Program › Part 1901 - Eligibility › Section 1901.4 - Area eligibility

Current through Register Vol. 46, No. 28, July 10, 2024
(a) An
						eligible area may have an existing designation or must meet the criteria which
						establishes an area as an eligible area under the act and these
						regulations.
(b) An eligible area
						is one that is blighted, deteriorated, or deteriorating, 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 vacant
						nonresidential property, or other factors indicating an inability or
						unwillingness of the private sector, unaided, to cause the rehabilitation or
						conversion which is sought for under the act.
(c) Designated eligible area, for the
						purposes of these regulations, are areas which are designated pursuant to any
						Federal, State or local law, rules or regulations as blighted, deteriorated or
						deteriorating or as having a blighting influence on the surrounding area or as
						being in danger of becoming a slum or blighted area. The designations that will
						meet the criteria set forth in this section, include but are not limited to the
						following:
(1) areas which are designated
						under articles 15 and 16 of the General Municipal Law (the Urban Renewal Law
						and the Urban Development Action Area Act);
(2) areas which are designated by the
						Secretary of Housing and Urban Development of the United States as areas where
						concentrated housing, physical development and public service activities are
						being or will be carried out in a coordinated manner, pursuant to a locally
						developed strategy for neighborhood improvement, conservation and
						preservation;
(3) census tracts in
						which at least 70 percent of the families have an income which is 80 percent or
						less of the statewide median family income;
(4) areas of chronic economic distress as
						designated by the State and as approved by the Secretary of the Treasury and
						the Secretary of Housing and Urban Development of the United States;
(5) neighborhoods in which neighborhood
						preservation activities are being carried out pursuant to article 16 of the
						Private Housing Finance Law (Neighborhood Preservation Companies);
(6) rural preservation and revitalization
						regions subject to the provisions of articles 17, 17-A and 17-B of the Private
						Housing Finance Law (Housing and Community Preservation in Rural Areas, Rural
						Rental Assistance Program for Rural Areas and Rural Area Revitalization
						Projects);
(7) neighborhood where
						median income does not exceed 80 percent of the median income of the
						Metropolitan Statistical Area (MSA) in which the neighborhood is located, or
						that does not exceed 80 percent of the median income in the county, if such
						county is not part of a MSA. (For purposes of this paragraph, neighborhood
						means an area that surrounds a project and tends to determine along with the
						condition and quality of the project, selling prices and/or rent levels of
						housing units); and
(8) economic
						opportunity zones.