N.Y. Private Housing Finance Law Section 507
Condemnation certificate of commissioner


The power of condemnation shall not be exercised by a housing company, except with the authorization of such action by the commissioner, which authorization shall be in the form of a certificate declaring that the acquisition of the property is necessary for the construction of a project and that the acquisition is in the public interest and necessary for the public use. Such certificate shall be issued only after a public hearing. The certificate shall state the nature of the interest to be acquired.

Source: Section 507 — Condemnation certificate of commissioner, https://www.­nysenate.­gov/legislation/laws/PVH/507 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 507’s source at nysenate​.gov

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