New York Laws
Article 3 - New York State Housing Finance Agency
55 - Assistance by State Officers, Departments, Boards and Commissions.

ยง 55. Assistance by state officers, departments, boards and
commissions. 1. The department of audit and control, department of law,
commissioner of housing and division of housing, and all other state
officers, departments, boards, divisions and commissions may render such
services to the agency within their respective functions as may be
requested by the agency.

2. The commissioner of housing and community renewal and the division
of housing and community renewal are hereby designated to act for and in
behalf of the agency in servicing the mortgage loans and equity loans of
the agency, except mortgage loans made to hospital corporations which
are eligible borrowers as defined in article twenty-eight-B of the
public health law, nursing home companies, non-profit corporations which
are eligible borrowers as defined in title five-A of article six of the
social services law, or companies incorporated pursuant to the
not-for-profit corporations law and article seventy-five of the mental
hygiene law, and in carrying out the provisions of section forty-four-a
of this article, and shall perform such functions and services in
connection with the making, servicing and collection of such loans and
pursuant to such section forty-four-a of this article as shall be
requested by the agency. The agency shall pay to the division of housing
and community renewal from any of the monies available for such purpose,
such amounts as are necessary to reimburse it for the reasonable costs
of the services performed by the commissioner of housing and community
renewal and the division of housing and community renewal pursuant to
this section.

3. The state commissioner of health and the state department of health
are hereby designated to act for and in behalf of the agency in
servicing the nursing home company mortgage loans of the agency and the
mortgage loans of the agency to hospital corporations which are eligible
borrowers as defined in article twenty-eight-B of the public health law,
and shall perform such functions and services in connection with the
making, servicing and collection of such loans as shall be requested by
the agency. The agency shall pay to the department of health from any
monies of the agency available for such purpose, such amounts as are
necessary to reimburse the department of health for the reasonable cost
of the services performed by the commissioner of health and department
of health pursuant to this section.

4. The state commissioner of social services and the state department
of social services are hereby designated to act for and in behalf of the
agency in servicing the youth facilities project mortgage loans of the
agency and shall perform such functions and services in connection with
the making, servicing and collection of such loans as shall be requested
by the agency. The agency shall pay to the department of social services
from any monies of the agency available for such purpose, such amounts
as are necessary to reimburse the department of social services for the
reasonable cost of the services performed by the commissioner of social
services and department of social services pursuant to this section.

5. The state commissioner of mental hygiene and the state department
of mental hygiene are hereby designated to act for and in behalf of the
agency in servicing the community mental health services and
developmental disabilities services companies mortgage loans of the
agency and shall perform such functions and services in connection with
the making, servicing and collection of such loans as shall be requested
by the agency. The agency shall pay to the department of mental hygiene
from any monies of the agency available for such purpose, such amounts
as are necessary to reimburse the department of mental hygiene for the
reasonable cost of the services performed by the commissioner of mental
hygiene and department of mental hygiene pursuant to this section,

including such amounts as are necessary to reimburse the health and
mental hygiene facilities improvement corporation for the reasonable
cost of such services performed by the health and mental hygiene
facilities improvement corporation upon request by the commissioner of
mental hygiene pursuant to the provisions of section 75.25 of the mental
hygiene law.

6. The department of social services of the state of New York is
hereby designated to act for and in behalf of the agency in servicing
the community senior citizens centers and services companies mortgage
loans of the agency and shall perform such functions and services in
connection with the making, servicing and collection of such loans as
shall be requested by the agency. The agency shall pay to such
department from any moneys of the agency available for such purposes,
such amounts as are necessary to reimburse such department for the
reasonable cost of the services performed by such department pursuant to
this section.

Structure New York Laws

New York Laws

PVH - Private Housing Finance

Article 3 - New York State Housing Finance Agency

40 - Short Title.

41 - Statement of Legislative Findings and Purposes.

42 - Definitions.

43 - New York State Housing Finance Agency.

44 - Powers of the 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 - Monies of the Agency.

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 - Reports.

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.

61 - Inconsistent Provisions in Other Laws Superseded.

61-A - Actions.

62 - Article Not Affected if in Part Unconstitutional.