(b) A housing assistance payment pursuant to this subdivision may be
made only with respect to occupants of a dwelling in a project who would
be eligible for a sublease under the provisions of this section.
(c) Tenants receiving housing assistance payments shall pay a rent to
the company equal to the rent they would pay under a sublease pursuant
to this section. Housing assistance payments equal to the difference
between such rent and the rental fixed for the dwelling pursuant to
section thirty-one of this chapter shall be made by or on behalf of the
agency to the company.
(d) The agency and the division of housing and community renewal may
make such regulations, not inconsistent with the provisions of this
section, and enter into such agreements with the owners of projects as
may be necessary or proper to carry out the provisions of this
subdivision. Such agreements may, in the case of a project the mortgage
on which is held by the agency, provide for the making of housing
assistance payments in the form of a credit against the company's
payments thereon.
Structure New York Laws
Article 3 - New York State Housing Finance Agency
41 - Statement of Legislative Findings and Purposes.
43 - New York State Housing Finance Agency.
44-A - Low Rent Dwelling Accommodations.
44-B - Mortgage Modifications, Evidence of Pre-Existing Indebtedness.
44-C - Federally-Aided Mortgage Loans.
45 - Transfer of Officers and Employees.
45-A - Housing Trust Fund Corporation.
45-B - Affordable Housing Corporation.
45-C - Homeless Housing and Assistance Corporation.
46 - Notes and Bonds of the Agency.
47 - Reserve Funds and Appropriations.
47-A - State University Construction Bonds and Notes.
47-B - Mental Hygiene Improvement Bonds and Notes.
47-C - Special Provisions Related to Certain Bonds and Notes.
47-D - Health Facilities Bonds and Notes.
47-E - Housing Program Bonds and Notes.
48 - Agreement With the State.
49 - State's Right to Require Redemption of Bonds.
50 - Remedies of Noteholders and Bondholders.
51-A - Federal Rental Assistance Program Administrative Fees.
52 - Notes and Bonds as Legal Investment.
53 - Exemption From Taxation of Property and Income.
54 - Exemption From Taxation of Notes and Bonds.
55 - Assistance by State Officers, Departments, Boards and Commissions.
56-A - Indemnification of Members, Officers and Employees.
57 - Insured Mortgage Reserve Fund.
58 - Special Revenue Housing Coverage Reserve Funds.
59 - Bond Reserve Insurance Fund.
59-A - Housing Trust Fund Account.
59-B - Affordable Housing Development Account.
59-C - Insured Housing Initiatives Fund.
59-D - Turnkey/enhanced Housing Account.
59-E - Infrastructure Development Fund.
59-G - Permanent Housing for Homeless Families Fund.
59-H - Manufactured Home Cooperative Fund.
59-I - Homeless Housing and Assistance Account.
60 - Housing Project Repair Fund.