ยง 661. Assistance to the corporation. The state or city may make
grants of money or property to the corporation for the purpose of
enabling it to carry out its corporate purposes and for the exercise of
its powers, including, but not limited to, deposits to the reserve
funds. This section shall not be construed to limit any other power the
state or city may have to make such grants to the corporation.
Structure New York Laws
Article 12 - New York City Housing Development Corporation
651 - Statement of Legislative Findings and Purpose.
653 - New York City Housing Development Corporation.
654 - Powers of the Corporation.
654-A - Subsidiaries; How Created.
654-B - Housing Assistance Corporation.
654-C - Housing New York Corporation.
654-D - Residential Mortgage Insurance Corporation.
655 - Notes and Bonds of the Corporation.
656 - Reserve Funds and Appropriations.
657 - Agreement With the State.
658 - State and City Not Liable on Notes and Bonds.
659 - City's Right to Require Redemption of Bonds.
660 - Remedies of Noteholders and Bondholders.
661 - Assistance to the Corporation.
662 - Notes and Bonds as Legal Investments.
663 - Exemption From Taxation.
664 - Employees of the Corporation.
665 - Assistance by Department of Housing Preservation and Development.
666 - Moneys of the Corporation.