N.Y. Private Housing Finance Law Section 478
Source of funds

A municipality may utilize federal grant funds, state grant funds or any municipal funds to make loans and to provide interest reduction subsidies pursuant to this article.

Source: Section 478 — Source of funds, https://www.nysenate.gov/legislation/laws/PVH/478 (updated Sep. 22, 2014; accessed Jan. 31, 2026).

470
Policy and purposes of article 471
Definitions 472
Loans to owners 473
Conditions precedent to making such loans 474
Servicing of loans by banking institutions and loan servicing companies 475
Interest reduction subsidies 476
Mortgage recording tax exemption 477
Rules and regulations 478
Source of funds

Up to date

Verified:
Jan. 31, 2026

Last modified:
Sep. 22, 2014

§ 478. Source of funds's source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._private_housing_finance_law_section_478

Original Source: Section 478 — Source of funds, https://www.nysenate.gov/legislation/laws/PVH/478 (last accessed Jan. 31, 2026).

N.Y. Private Housing Finance Law Section 478 Source of funds

N.Y. Private Housing Finance Law Section 478
Source of funds