New York § 1133 General and administrative provisions

New York Statutes

§ 1133 — General and administrative provisions

New York § 1133

Law PVHPrivate Housing Finance

Art. 21Infrastructure Development Demonstration Program

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Bluebook

N.Y. Private Housing Finance § 1133 (2026).

Text

§ 1133. General and administrative provisions.

1.The agency shall\nissue and promulgate rules and regulations for the administration of\nthis article. The rules and regulations shall include provisions\nconcerning eligibility of applicants for grants under this article;\nfunding criteria and funding determination process; evaluation of\ncontracting applicants; provisions for modification and termination of\ncontracts; and such other matters not inconsistent with the purposes and\nprovisions of this article as the agency shall deem necessary or\nappropriate.\n 2. Not less than seventy-five percent of the total amount appropriated\nfor the purposes of this demonstration program shall be made available\nfor projects located in cities, towns or villages having a population of\nthirty thous

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§ 1133. General and administrative provisions. 1. The agency shall\nissue and promulgate rules and regulations for the administration of\nthis article. The rules and regulations shall include provisions\nconcerning eligibility of applicants for grants under this article;\nfunding criteria and funding determination process; evaluation of\ncontracting applicants; provisions for modification and termination of\ncontracts; and such other matters not inconsistent with the purposes and\nprovisions of this article as the agency shall deem necessary or\nappropriate.\n 2. Not less than seventy-five percent of the total amount appropriated\nfor the purposes of this demonstration program shall be made available\nfor projects located in cities, towns or villages having a population of\nthirty thousand or less persons; such remaining amounts shall be made\navailable to projects located in cities, towns or villages having a\npopulation of more than thirty thousand persons.\n 3. The agency shall inform prospective eligible applicants of the\nexistence of this program and to the maximum extent practicable shall\nprovide information on this program to all applicants for housing\nprograms designed to promote the construction or rehabilitation of\naffordable housing.\n 4. The agency shall enter into agreements to the extent feasible, with\nother state agencies and public corporations to carry out the provisions\nof this article. In entering into such agreements the agency shall\nconsider the extent to which funds provided pursuant to this article\nwould compliment the programs administered by such agencies or public\ncorporations. Such agreements shall be designed to allow the funds\nhereunder to be used in conjunction with the programs administered by\nsuch agencies or public corporations.\n 5. The agency or its designee shall require submission of the names,\naddresses and business background of the principals involved, the nature\nof their fiduciary relationship and their financial relationship, past,\npresent and future, to the project and to each other.\n