N.Y. Private Housing Finance Law Section 907
Rules and regulations to be promulgated by the commissioner

The commissioner shall issue and promulgate rules and regulations for the administration of this article, which rules and regulations shall include provisions concerning requirements as to eligibility for contracting with the commissioner; the form of applications for contracts; supervision and evaluation of neighborhood preservation companies including standards and performance criteria for continued, increased or decreased funding to insure the companies meet the objectives of this article and the objectives outlined in their neighborhood preservation plans; reporting, budgeting and record keeping requirements; provisions for renegotiation, modification, termination, extension and renewal of contracts, which provisions shall include the bases for funding increases from the preceding contract including, but not be limited to, performance which exceeds minimum performance criteria and provisions for probationary periods where appropriate; provisions for technical services and assistance to neighborhood preservation companies within the limits of available funding; protection of the interests of tenants in buildings owned or managed by neighborhood preservation companies; and such other matters not inconsistent with the purposes and provisions of this article as the commissioner shall deem necessary, proper or appropriate. Such rules and regulations shall prohibit any neighborhood preservation company receiving funds under contracts entered into pursuant to this article (i) from engaging in any activities promoting any political candidate or party or (ii) from expending any such funds in activities the purpose of which is to influence legislation.

Source: Section 907 — Rules and regulations to be promulgated by the commissioner, https://www.­nysenate.­gov/legislation/laws/PVH/907 (updated Sep. 22, 2014; accessed Jan. 31, 2026).

Green check means up to date. Up to date

Verified:
Jan. 31, 2026

Last modified:
Sep. 22, 2014

§ 907. Rules & regulations to be promulgated by the commissioner's source at nysenate​.gov

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