§ 32-B — Annual reports

New York § 32-B

• Jurisdiction: New York
• Law PVH: Private Housing Finance
• Art. 2: Limited-profit Housing Companies

Text

§ 32-b. Annual reports. The commissioner shall, on or before the first\nday of July in each year, submit a report to the legislature, the state\ncomptroller, and the attorney general on the implementation of article\ntwo of this chapter by the commissioner and the supervising agency and\nthe policy included therein. Such report shall include and not be\nlimited to rent and carrying charge levels, changes therein, operation\nof the state capital grant program and federal subsidy programs, tax\nabatement levels, total capital outlay, amortization, mortgage interest\nrates, income levels served by the housing, surcharge billings and\ncollections and use of surcharge revenues, and vacancy rates. Such\nreport shall also include information regarding any limited-profit\nhousing company that has voluntarily dissolved in the preceding calendar\nyear, and any limited-profit housing company that has filed a notice of\nintent to dissolve in the current calendar year with the commissioner\nand the supervising agency. This information shall include, but not be\nlimited to, the name and address of the development, the number of units\nin the development, a range of amounts of rent offered in the\ndevelopment, the number of tenants in the development, the current\nvacancy rate in the development, income levels served by the\ndevelopment, how long the limited-profit housing company has\nparticipated in the program, and any sales or transfers that have\noccurred since the limited-profit housing company was created. For the\npurpose of preparing such report, the commissioner may request, and\nshall receive, from any municipality or supervising agency such data as\nhe deems necessary or desirable and such municipality or supervising\nagency shall furnish the requested data within sixty days of such\nrequest.\n