§ 1005 — Enforcement of standards for contract performance

New York § 1005

• Jurisdiction: New York
• Law PVH: Private Housing Finance
• Art. 17: Housing and Community Preservation In Rural Areas

Text

§ 1005. Enforcement of standards for contract performance. 1. The\ndivision shall by regulation provide for formal evaluation of the\nperformance of a corporation to determine its progress in achieving the\nobjectives outlined in the annual housing preservation and community\nrenewal plan contained in its contract with the division. Such\nevaluation shall include a review of the efforts of the corporation to\nexecute each of the components of its plan and a consultation between\nthe corporation and the division regarding the findings of the division\nrelative to performance. The division shall provide or cause to be\nprovided technical assistance determined to be necessary by the division\nto improve the ability of the corporation to execute each of the\ncomponents of its plan. Such evaluation and determination of the need\nfor technical assistance shall consider the financial and staff\nresources of the corporation for the period evaluated and any special\nconsiderations which may have had an impact on performance during the\nperiod.\n 2. If the division determines that a corporation has not made\nsufficient progress toward achieving the objectives of its annual\nhousing preservation and community renewal plan the division shall\nconduct a site visit to review these findings and, if warranted, shall\nplace the corporation on probation.\n 3. The division shall terminate or not renew or not extend a contract\nin accordance with provisions of subdivision seven of section one\nthousand three of this article if the commissioner determines that the\nperformance of a corporation is not sufficient to merit continued\nparticipation in the program.\n 4. Notwithstanding the foregoing, the commissioner may terminate any\ncontract upon a finding of substantial non-compliance or other\nsubstantial breach of the contract.\n