New York Private Housing Finance Law Article 8 - LOANS TO OWNERS OF EXISTING MULTIPLE DWELLINGS

• 400 - Policy and Purposes of Article.
  It is hereby declared that there exists in municipalities in this state a seriously inadequate supply of safe and sanitary dwelling accommodations for persons and...
• 401 - Definitions.
  As used in this article the following terms shall mean: 1. a. The term "existing multiple dwelling" shall mean any dwelling classified as a multiple...
• 402 - Loans to Owners.
  1. Notwithstanding the provisions of any general, special or local law, a municipality, by such officer or agency as determined by its local legislative body,...
• 403 - Occupancy.
  1. The dwelling units in any existing multiple dwelling aided by a loan pursuant to this article shall be available solely for persons or families...
• 404 - Conditions Precedent to Making Such Loans.
  1. No such loan shall be made by a municipality to an owner of an existing multiple dwelling unless the owner of such multiple dwelling...
• 405 - Rent Control; Tax Exemption.
  1. Notwithstanding the provisions of, or any regulations promulgated pursuant to, the emergency housing rent control law, the local emergency housing rent control act or...
• 406 - Rules and Regulations.
  An agency may promulgate supplementary rules and regulations to carry out the provisions of this article, not inconsistent with the provisions of this article.
• 407 - Participation by Certain Corporations and Individuals.
  1. One or more banking institutions, foundations, labor unions, employers' associations, veterans' organizations, insurance companies, trustees, fiduciaries or any combination of the foregoing, shall have...
• 408 - Minimization of Displacement.
  * The agency shall use its best efforts to ensure that activities carried out pursuant to this article are structured so as to minimize the...

Last modified: February 3, 2019