New York Private Housing Finance Law Section 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.

Last modified: February 3, 2019