§ 1120 — Statement of legislative intent

New York § 1120

• Jurisdiction: New York
• Law PVH: Private Housing Finance
• Art. 20: Manufactured Home Cooperative Fund Program

Text

§ 1120. Statement of legislative intent. The legislature hereby finds\nand declares that the shortage of decent affordable housing for persons\nof low and moderate income remains significant and must be addressed in\nnew and innovative ways; that a particular housing problem exists for\nhomeowners residing in manufactured home parks, wherein there is the\npotential for serious dislocation of families and loss of equity through\nthe sale of manufactured home parks to interests not conducive to\ncontinuation of park settings for these manufactured homes; that\nmanufactured home park residents frequently lack the resources to\npurchase new homes or move existing homes; that an innovative and cost\neffective solution to the problem of dislocation of manufactured home\npark families is the formation of park cooperatives in which the\nmanufactured home park is owned cooperatively by the manufactured home\nowners who reside therein; that a significant public purpose may be\nserved by assisting these homeowners in the formation of manufactured\nhome park cooperatives, such purpose being a reduction in the cost of\nsafe and sanitary housing for persons of low and moderate income; that\nmanufactured home park cooperatives should be assisted through public\nsupport for infrastructure improvements; that it is the policy of the\nstate to create such housing cooperative opportunities and to provide\nfor the aid, care, and support of the needy in a manner that encourages\nself-sufficiency and self-determination. The legislature therefore finds\nthat a program should be established to provide monies for land\nacquisition by manufactured home park cooperatives and for improvements\nto the infrastructures of such manufactured home parks.\n