New York § 475 Interest reduction subsidies

New York Statutes

§ 475 — Interest reduction subsidies

New York § 475

Law PVHPrivate Housing Finance

Art. 8-BLoans to Owners of One to Four Unit Private and Multiple Dwellings

This text of New York § 475 (Interest reduction subsidies) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Private Housing Finance § 475 (2026).

Text

  § 475. Interest reduction subsidies. Notwithstanding the provisions of\nany general, special or local law, a municipality, acting through an\nagency, is authorized to provide, or contract to provide, interest\nreduction subsidies for loans made by private investors to owners of one\nto four unit existing private or multiple dwellings within its\nterritorial limits, if such owners would have been eligible under the\nprovisions of this article for a loan made by the municipality pursuant\nto this article.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 475. Interest reduction subsidies. Notwithstanding the provisions of\nany general, special or local law, a municipality, acting through an\nagency, is authorized to provide, or contract to provide, interest\nreduction subsidies for loans made by private investors to owners of one\nto four unit existing private or multiple dwellings within its\nterritorial limits, if such owners would have been eligible under the\nprovisions of this article for a loan made by the municipality pursuant\nto this article.\n