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2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 18-A - (1106 - 1106-J) LOW INCOME TURNKEY/ENHANCED HOUSING TRUST FUND PROGRAM
1106-B - Low income turnkey/enhanced housing trust fund program established.


NY Priv Hous Fin L § 1106-B (2012) What's This?
 
    §  1106-b.  Low  income  turnkey/enhanced  housing  trust fund program
  established. There is hereby established within the housing  trust  fund
  corporation  a  low  income turnkey/enhanced housing trust fund program.
  Within  the  limit  of  funds  available  for  this   purpose   in   the
  turnkey/enhanced  housing  account, the corporation is hereby authorized
  to  enter  into  contracts  to  provide  grants  or  loans  to  eligible
  applicants for all or a portion of turnkey/enhanced rental project costs
  to construct or rehabilitate turnkey/enhanced rental projects subject to
  the   terms   and   conditions  of  this  article.  Upon  completion  of
  construction or rehabilitation of a turnkey/enhanced rental project,  an
  eligible  applicant  may, where appropriate, transfer such project to an
  eligible owner.

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