New York § 507 Condemnation certificate of commissioner

New York Statutes

§ 507 — Condemnation certificate of commissioner

New York § 507

Law PVHPrivate Housing Finance

Art. 9Acquisition of Property

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Bluebook

N.Y. Private Housing Finance § 507 (2026).

Text

  § 507. Condemnation certificate of commissioner. The power of\ncondemnation shall not be exercised by a housing company, except with\nthe authorization of such action by the commissioner, which\nauthorization shall be in the form of a certificate declaring that the\nacquisition of the property is necessary for the construction of a\nproject and that the acquisition is in the public interest and necessary\nfor the public use. Such certificate shall be issued only after a public\nhearing. The certificate shall state the nature of the interest to be\nacquired.\n

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§ 507. Condemnation certificate of commissioner. The power of\ncondemnation shall not be exercised by a housing company, except with\nthe authorization of such action by the commissioner, which\nauthorization shall be in the form of a certificate declaring that the\nacquisition of the property is necessary for the construction of a\nproject and that the acquisition is in the public interest and necessary\nfor the public use. Such certificate shall be issued only after a public\nhearing. The certificate shall state the nature of the interest to be\nacquired.\n