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A03233 Summary:

BILL NO    A03233 

SAME AS    No Same as 

SPONSOR    Fitzpatrick



Amd S2402, add S2405-f, Pub Auth L

Relates to the purchase of community land mortgages; defines a community land
mortgage as a mortgage that is secured by a first lien on a leasehold estate in
real property that is improved by a residential structure wherein title to the
real property is retained by a not-for-profit housing company or housing
development fund company; authorizes the state of New York mortgage agency to
purchase community land mortgages from banks within the state; ensures
not-for-profit housing remains as affordable housing.
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