Federal and State Laws
New York Laws
New York Private Housing Finance Law Article 19 - AFFORDABLE HOME OWNERSHIP DEVELOPMENT PROGRAM
1110 - Statement of Legislative Findings and Purpose.
The legislature hereby finds and declares that home ownership by persons of low and moderate income has long been, and still is, an essential element...
1111 - Definitions.
1. "Home" shall mean a one to four family dwelling which has at least one owner occupant or an owner occupied unit in a cooperative...
1112 - Affordable Home Ownership Development Contracts.
1. Within the limit of funds available in the affordable housing development account, the corporation is hereby authorized to enter into contracts with eligible applicants...
1113 - General and Administrative Provisions.
1. The corporation shall issue and promulgate rules and regulations for the administration of this article. The rules and regulations shall include provisions concerning eligibility...
Last modified: February 3, 2019