New York Statutes

§ 1282 — Housing our neighbors with dignity program

New York·Law PVH Private Housing Finance·Art. 31 Housing Our Neighbors With Dignity Program

§ 1282. Housing our neighbors with dignity program.

1.Establishment.\nSubject to amounts available by appropriation therefor, the corporation\nshall develop a housing our neighbors with dignity program (hereinafter\nreferred to as "the program"), which shall provide a mechanism for the\nstate to finance the acquisition and/or conversion of distressed hotels\nand commercial office properties by appropriate nonprofit organizations\nfor the purpose of maintaining or increasing affordable housing. All\naffordable housing properties produced through this program shall remain\npermanently affordable, and all converted properties in a city with a\npopulation of one million or more, with the exception of small converted\nproperties and exempt supportive housing, shall be required to pay\nbuildi

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