N.Y. Private Housing Finance Law Section 1230
Statement of legislative findings and purpose

The legislature finds and declares that there exists in New York state a serious need to assist communities with the creation and improvement of affordable housing, and the commercial, retail and community facilities related to mixed use affordable residential developments. Locally based not-for-profit organizations play a significant role in addressing the unique characteristics of rural and urban communities. Partnerships, alliances and collaborations with corporate entities, to the extent practicable, will foster cross-sector collaboration in order to build a diverse community support system. The legislature finds that, in both rural and urban areas of the state, a program should be established to fund the creation, preservation and/or improvement of affordable housing; or the creation, preservation or improvement of the commercial, retail or community facilities component of mixed use affordable residential developments.

Source: Section 1230 — Statement of legislative findings and purpose, https://www.­nysenate.­gov/legislation/laws/PVH/1230 (updated Sep. 22, 2014; accessed Apr. 2, 2025).

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Accessed:
Apr. 2, 2025

Last modified:
Sep. 22, 2014

§ 1230’s source at nysenate​.gov

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