ยง 665. Assistance by department of housing preservation and
development. The commissioner of housing preservation and development
and the department of housing preservation and development are hereby
designated to act for and in behalf of the corporation in servicing
mortgage loans of the corporation, and shall perform such functions and
services in connection with the making, servicing and collection of such
loans as shall be requested by the corporation. The corporation shall
pay to the department of housing preservation and development from any
moneys of the corporation available for such purposes such amounts as
are necessary to reimburse the department of housing preservation and
development for the reasonable cost of the services performed by the
commissioner of housing preservation and development and by the
department of housing preservation and development pursuant to this
section.
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.