2006 New York Code - Loans and subsidies; restrictions on and preference in occupancy of projects.

 
    § 6. No loan, or subsidy shall be made by the state to aid any project
  unless  such project is in conformity with a plan or undertaking for the
  clearance,  replanning  and  reconstruction  or  rehabilitation   of   a
  sub-standard and unsanitary area or areas and for recreational and other
  facilities  incidental  or  appurtenant  thereto.  The  legislature  may
  provide additional conditions to the making of such loans  or  subsidies
  consistent  with the purposes of this article. The occupancy of any such
  project shall be restricted to persons of low income as defined  by  law
  and preference shall be given to persons who live or shall have lived in
  such area or areas.