2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 16-A - (920 - 924) URBAN INITIATIVES
920 - Statement of legislative findings and purpose.

 
    §  920. Statement of legislative findings and purpose. The legislature
  hereby finds and declares that there exists in New York state a  serious
  need  for  the  restoration and improvement of housing, local commercial
  areas and public facilities in distressed urban neighborhoods  and  that
  the  state  should  encourage  the revitalization of such neighborhoods;
  that  not-for-profit  community-based   organizations   and   charitable
  organizations  that  have  a  direct  interest  in improving the health,
  safety and economic viability of a  distressed  urban  neighborhood  can
  play  a  crucial  role in such revitalization; the legislature therefore
  finds that a  program  should  be  established  to  fund  not-for-profit
  community-based  organizations  and  charitable organizations to improve
  distressed urban neighborhoods by  preserving  existing  housing  units,
  generating new housing units, upgrading commercial and retail areas, and
  by   creating   innovative  approaches  to  neighborhood  and  community
  revitalization which  improve  cultural  and  community  facilities  and
  spirit.