There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 4 - (70 - 97) LIMITED DIVIDEND HOUSING COMPANIES
89 - Consolidated projects; operation of more than one project.


NY Priv Hous Fin L § 89 (2012) What's This?
 
    §  89. Consolidated projects; operation of more than one project.  The
  commissioner may permit  the  consolidation  of  two  or  more  approved
  projects  or  the  extension or amendment of any approved project or the
  consolidation of any approved project with a proposed project. In any of
  these events, the consolidated project shall be treated as  an  original
  project  and  an  application  shall  be  submitted as in the case of an
  original project and rents and costs  may  be  averaged  throughout  the
  consolidated  or  extended project. The commissioner may likewise permit
  any housing company to organize and operate more than one project or  to
  take  over  any  project  heretofore approved by the commissioner and to
  operate it independently of other projects of the housing company.   The
  commissioner  may  in  his  discretion  decline  to permit more than one
  project to be operated by the same housing company.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.