New York § 456 Minimization of displacement

New York Statutes

§ 456 — Minimization of displacement

New York § 456

Law PVHPrivate Housing Finance

Art. 8-ASmall Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions

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Bluebook

N.Y. Private Housing Finance § 456 (2026).

Text

  * § 456. Minimization of displacement. The supervising agency shall\nuse its best efforts to ensure that activities carried out pursuant to\nsubdivisions seven and eight of section four hundred fifty-two of this\narticle are structured so as to minimize the likelihood of any\ninvoluntary economic displacement of tenants who reside in multiple\ndwellings which are the subject of such activities. However, if\ntemporary physical displacement is required as a direct result of\nrehabilitation work which is performed in such multiple dwelling\nreceiving a loan pursuant to this article suitable temporary relocation\narrangements shall be provided.\n  * NB Expires July 1, 2027\n

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* § 456. Minimization of displacement. The supervising agency shall\nuse its best efforts to ensure that activities carried out pursuant to\nsubdivisions seven and eight of section four hundred fifty-two of this\narticle are structured so as to minimize the likelihood of any\ninvoluntary economic displacement of tenants who reside in multiple\ndwellings which are the subject of such activities. However, if\ntemporary physical displacement is required as a direct result of\nrehabilitation work which is performed in such multiple dwelling\nreceiving a loan pursuant to this article suitable temporary relocation\narrangements shall be provided.\n * NB Expires July 1, 2027\n