New York Private Housing Finance Law Article 16 - NEIGHBORHOOD PRESERVATION COMPANIES

• 901 - Declaration of Legislative Findings.
  The legislature hereby finds and declares that there has developed in recent years, in various municipalities of the state, a growth of community-based not-for-profit organizations,...
• 902 - Definitions.
  As used in this article, the following words and phrases shall have the following meanings: 1. "Commissioner" shall mean the commissioner of the state division...
• 903 - Contracts With Neighborhood Preservation Companies.
  1. The commissioner may enter into contracts with neighborhood preservation companies for the performance of neighborhood preservation activities. Such contracts shall be entered into, however,...
• 904 - Payments to Neighborhood Preservation Companies for Neighborhood Preservation Activities.
  1. Each contract entered into with a neighborhood preservation company shall provide for payment to the neighborhood preservation company for neighborhood preservation activities to be...
• 905 - Periodic Review of Contract Performance; Renegotiation and Termination of Contract.
  1. The division shall, by regulation as hereinafter provided, provide for formal evaluation of the performance of a company to determine its progress in achieving...
• 906 - Technical Services and Assistance to Neighborhood Preservation Companies.
  1. The division is hereby authorized to render to neighborhood preservation companies such technical services and assistance as it may possess or as may be...
• 907 - Rules and Regulations to Be Promulgated by the Commissioner.
  The commissioner shall issue and promulgate rules and regulations for the administration of this article, which rules and regulations shall include provisions concerning requirements as...
• 908 - Applicability of Other Laws to Neighborhood Preservation Companies.
  Nothing contained in this article shall be deemed or construed to prevent or deny to any neighborhood preservation company the opportunity to qualify as a...
• 909 - Annual Report.
  The commissioner shall, on or before December thirty-first in each year submit a report to the legislature on the implementation of this article. Such report...
• 910 - Merged Company Savings Fund.
  The division shall create a fund to hold and shall transfer all funds determined to be merged company savings pursuant to paragraph (d) of subdivision...

Last modified: February 3, 2019