New York § 400 Policy and purposes of article

New York Statutes

§ 400 — Policy and purposes of article

New York § 400

Law PVHPrivate Housing Finance

Art. 8Loans to Owners of Existing Multiple Dwellings

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Bluebook

N.Y. Private Housing Finance § 400 (2026).

Text

  § 400. Policy and purposes of article. It is hereby declared that\nthere exists in municipalities in this state a seriously inadequate\nsupply of safe and sanitary dwelling accommodations for persons and\nfamilies of low income; that such shortage constitutes an emergency and\na grave menace to the health, safety, morals, welfare and comfort of\ncitizens of this state; that there exists in such municipalities a large\nnumber of multiple dwellings which are inadequate, unsafe or insanitary\nby reason of the absence of proper heating facilities or by reason of\nthe necessity for elimination of conditions dangerous to human life or\ndetrimental to health, including nuisances as defined in section three\nhundred nine of the multiple dwelling law, or for other rehabilitation\nor improvement a

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§ 400. Policy and purposes of article. It is hereby declared that\nthere exists in municipalities in this state a seriously inadequate\nsupply of safe and sanitary dwelling accommodations for persons and\nfamilies of low income; that such shortage constitutes an emergency and\na grave menace to the health, safety, morals, welfare and comfort of\ncitizens of this state; that there exists in such municipalities a large\nnumber of multiple dwellings which are inadequate, unsafe or insanitary\nby reason of the absence of proper heating facilities or by reason of\nthe necessity for elimination of conditions dangerous to human life or\ndetrimental to health, including nuisances as defined in section three\nhundred nine of the multiple dwelling law, or for other rehabilitation\nor improvement and which can be made adequate, safe and sanitary, by the\ninstallation of proper heating facilities or by other rehabilitation,\npreservation or improvement or by the elimination of such conditions;\nthat such installation, rehabilitation, preservation or improvement\ncannot readily be provided by the ordinary unaided operation of private\nenterprise for occupancy by persons or families of low income without\npublic aid in the form of low interest loans or grants to owners of such\nmultiple dwellings for the purpose of such installation, rehabilitation,\npreservation or improvement; that the installation of proper heating\nfacilities in such multiple dwellings or other rehabilitation,\npreservation or improvement thereof for occupancy by persons of low\nincome as defined in this article is a public use and a public purpose\nfor which public money may be loaned or granted; that such conditions\nrequire the provisions hereinafter enacted; and the necessity in the\npublic interest for the provisions hereinafter enacted is hereby\ndeclared as a matter of legislative determination.\n