N.Y. Private Housing Finance Law Section 59-G
Permanent housing for homeless families fund


The agency shall create and establish a special fund to be known as the “permanent housing for homeless families fund” and shall pay into such fund any moneys which may be made available to the agency for the purposes of such fund from any source, including but not limited to moneys appropriated by and made available pursuant to appropriation by the state and moneys made available by cities with a population of one million or more and any income or interest earned by, or increment to, the fund due to the investment thereof. The moneys held in or credited to the fund shall be expended solely to carry out the provisions of and to pay expenses associated with article 3-A (Permanent Housing For Homeless Families)article three-A of this chapter.

Source: Section 59-G — Permanent housing for homeless families fund, https://www.­nysenate.­gov/legislation/laws/PVH/59-G (updated Sep. 22, 2014; accessed Jul. 13, 2024).

40
Short title
41
Statement of legislative findings and purposes
42
Definitions
43
New York state housing finance agency
44
Powers of the agency
44‑A
Low rent dwelling accommodations
44‑B
Mortgage modifications, evidence of pre-existing indebtedness
44‑C
Federally-aided mortgage loans
45
Transfer of officers and employees
45‑A
Housing trust fund corporation
45‑B
Affordable housing corporation
45‑C
Homeless housing and assistance corporation
46
Notes and bonds of the agency
47
Reserve funds and appropriations
47‑A
State university construction bonds and notes
47‑B
Mental hygiene improvement bonds and notes
47‑C
Special provisions related to certain bonds and notes
47‑D
Health facilities bonds and notes
47‑E
Housing program bonds and notes
48
Agreement with the state
49
State’s right to require redemption of bonds
50
Remedies of noteholders and bondholders
51
Monies of the agency
51‑A
Federal rental assistance program administrative fees
52
Notes and bonds as legal investment
53
Exemption from taxation of property and income
54
Exemption from taxation of notes and bonds
55
Assistance by state officers, departments, boards and commissions
56
Reports
56‑A
Indemnification of members, officers and employees
57
Insured mortgage reserve fund
58
Special revenue housing coverage reserve funds
59
Bond reserve insurance fund
59‑A
Housing trust fund account
59‑B
Affordable housing development account
59‑C
Insured housing initiatives fund
59‑D
Turnkey/enhanced housing account
59‑E
Infrastructure development fund
59‑G
Permanent housing for homeless families fund
59‑H
Manufactured home cooperative fund
59‑I
Homeless housing and assistance account
60
Housing project repair fund
61
Inconsistent provisions in other laws superseded
61‑A
Actions
62
Article not affected if in part unconstitutional

Accessed:
Jul. 13, 2024

Last modified:
Sep. 22, 2014

§ 59-G’s source at nysenate​.gov

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