2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 2 - (10 - 37) LIMITED-PROFIT HOUSING COMPANIES
29 - Acquisition of property.

 
    § 29. Acquisition of property.
    (a)  After a project, other than a state urban development corporation
  project, has been been approved by the commissioner or  the  supervising
  agency   and  the  local  legislative  body,  the  commissioner  or  the
  supervising agency as  the  case  may  be,  shall  issue  a  certificate
  declaring  that  the  acquisition  of  the property is necessary for the
  public purpose defined in this article and the company may  acquire  the
  property needed for the project or the municipality may, with respect to
  a municipally-aided project or a project aided either by a state loan or
  a  loan from the New York state housing finance agency, take property by
  condemnation for the company, pursuant to the provisions of article nine
  of this chapter.
    (b) after a state  urban  development  corporation  project  has  been
  approved  by  the  commissioner,  the  commissioner  shall authorize the
  company undertaking the project to acquire the property needed for  such
  project.
    (c) Notwithstanding the provisions of subdivision (a) of this section,
  in the case of a Battery Park city project financed or to be financed by
  a loan from Battery Park city authority, the approval of the project and
  the  certificate  declaring  that  the  acquisition  of  the property is
  necessary for the public purposes  defined  in  this  article  shall  be
  issued by Battery Park city authority.