New York Laws
Article 2 - Limited-Profit Housing Companies
26-A - Findings for Municipally-Aided Projects.

ยง 26-a. Findings for municipally-aided projects.

No municipally-aided project aided solely by tax exemption shall be
approved by the supervising agency unless the agency shall have made the
findings set forth in subdivision one of section twenty-six.

Structure New York Laws

New York Laws

PVH - Private Housing Finance

Article 2 - Limited-Profit Housing Companies

10 - Short Title.

11 - Policy and Purposes of Article.

11-A - Additional Policy and Purposes of Article.

12 - Definitions.

13 - Limited-Profit Housing Companies; How Created.

13-A - The Applicability of Not-for-Profit Corporation Law.

13-B - Verification of Papers Filed With Supervising Agency.

13-C - Voting, Election and Referendum Procedures.

14 - Consent of Commissioner to Incorporation.

15 - Participation by Certain Corporations and Individuals.

16 - Limited-Profit Housing Companies; Partnership Relations.

17 - Powers.

18 - Designation of and Service of Process on Secretary of State and Registered Agent.

19 - Consideration for Issuance of Stock, Bonds or Income Debentures.

20 - Mortgages, Mortgage Bonds and Notes.

21 - Capital Structure.

22 - State Loans.

22-A - Redevelopment Loans.

22-B - Loans for State-Aided Limited-Profit Housing Companies.

23 - Municipal Loans and Municipally Aided Projects.

23-A - Mortgage Modifications, Evidence of Pre-Existing Indebtedness.

23-B - Participation in Loan or Investment.

23-C - Mortgage Modifications.

24 - Income Debentures.

25 - Working Capital.

26 - Conditions and Security for Loans.

26-A - Findings for Municipally-Aided Projects.

26-B - Special Provisions With Respect to State Urban Development Corporation Projects.

26-C - Special Provisions With Respect to Battery Park City Projects.

27 - Limitations.

28 - Payments From Earnings.

29 - Acquisition of Property.

30 - Transfer of Real Property.

31 - Rentals and Selection of Tenants.

31-A - Resale Price of Shares.

31-B - Assignment or Pledge of Tenant Cooperator's Shares.

31-C - Tenant-Cooperators; Application of Shares.

32 - Supervision and Regulation.

32-A - Additional Supervision and Regulation.

32-B - Annual Reports.

33 - Tax Exemptions.

34 - Foreclosure and Judgments.

35 - Voluntary Dissolution.

35-A - Requirements Regarding Dissolution.

36 - Sale of Project Prior to Termination of Tax Exemption.

36-A - Additional Powers of Municipalities.

37 - Separability Clause.