WebA regulatory agreement pursuant to this section shall be terminated upon repayment in full of any and all advances made pursuant to this article provided that such termination shall not take place until (a) assumption of the regulation of the project by the commissioner, in the case of a state-aided mortgage, or by the supervising agency, in ... WebBILL NUMBER: S6543 TITLE OF BILL : An act to amend the private housing finance law, in relation to the assets and supervision of housing development fund corporations SUMMARY OF PROVISIONS : Section 1 of the bill would add a new section 573-a to Article XI of the Private Housing Finance Law ("PHFL"). This new section would impose restrictions ...
FAQ’s on the new Mitchell-Lama Reform Law
WebSection 610 - Rental assistance and legal regulated rents N.Y. Priv. Hous. Fin. Law § 610 Download PDF Current through 2024 NY Law Chapters 1-49 and 61-119 Section 610 - Rental assistance and legal regulated rents 1. WebApr 23, 2024 · 1. (a) The local legislative body of any municipality in which a project of a housing development fund company is or is to be located may exempt the real property in such project from local and municipal taxes including school taxes, other than assessments for local improvements, to the extent of all or part of the value of the rockport mitchell moc toe boot
PHFL Amendment Allows for Collection of Higher Rents in Certain ...
Web13-A - The Applicability of Not-for-Profit Corporation Law. 13-B - Verification of Papers Filed With Supervising Agency. 14 - Consent of Commissioner to Incorporation. 15 - Participation by Certain Corporations and Individuals. 16 - Limited-Profit Housing Companies; Partnership Relations. 17 - Powers. WebDec 23, 2024 · ARTICLE 1 Short Title; Definitions ARTICLE 2 Limited-profit Housing Companies ARTICLE 3 New York State Housing Finance Agency ARTICLE 3-A Permanent … WebOn December 15, 2024, Governor Hochul signed Section 610 of the Private Housing Finance Law. The new law allows owners of affordable housing projects with tenant- or project-based rental assistance to collect the full rental subsidy amount, even if it is above … otis dewey whitman