New York Private Housing Finance Law Article 9 - ACQUISITION OF PROPERTY
- 500 - Acquisition of Real Property.
Real property may be acquired by a housing company, a limited-profit housing company or by a municipality for a housing company or a limited-profit housing...
- 501 - Proceedings to Acquire.
1. A housing company or a limited-profit housing company electing to acquire through a municipality, may petition the municipality to institute proceedings under any applicable...
- 502 - Condemnation of Excess Property.
A municipality may take private property for a limited-profit housing company by condemnation for the purpose of providing low rent housing for families of low...
- 503 - Sale or Lease of Municipal Lands to a Housing Company.
1. The local legislative body of a municipality, by resolution, may determine that real property of the municipality, specified and described in such resolution is...
- 504 - Re-Entry of Lands Sold or Leased.
1. After the expiration of one year from the sale or lease of real property by the municipality to a housing company, the municipality shall...
- 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...
- 508 - Notice of Public Hearing.
The hearing shall be held at a time and place appointed by the commissioner who shall give notice of such hearing by publication in a...
Last modified: February 3, 2019