Expands the definition of eligible applicant for the affordable home ownership development program to include a public benefit corporation formed to assist particular municipalities with their housing, community development or renewal needs.
STATE OF NEW YORK
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8164
IN SENATE
June 14, 2010
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Introduced by Sen. ESPADA -- (at request of the Affordable Housing
Corporation) -- read twice and ordered printed, and when printed to be
committed to the Committee on Rules
AN ACT to amend the private housing finance law, in relation to the
definition of eligible applicant for the affordable home ownership
development program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 2 of section 1111 of the private housing
2 finance law, as amended by chapter 714 of the laws of 1988, is amended
3 to read as follows:
4 2. "Eligible applicant" shall mean a city, a town, a village, a hous-
5 ing development fund company incorporated pursuant to article eleven of
6 this chapter, any not-for-profit corporation or charitable organization
7 which has as one of its primary purposes the improvement of housing or a
8 municipal housing authority created pursuant to the public housing law,
9 or a public benefit corporation formed to assist particular munici-
10 palities with their housing, community development or renewal needs, or
11 a county, provided, however, that the county acts as an administrator of
12 a program under which projects are constructed, rehabilitated or
13 improved by other eligible applicants or acts in any other capacity as
14 permitted by law.
15 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD17152-01-0
