2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 3-A - (63 - 69) PERMANENT HOUSING FOR HOMELESS FAMILIES
66 - Authorized courses of action.

 
    §  66. Authorized courses of action. For each project, the agency will
  review and approve or disapprove a final project description  containing
  the  information  specified in section sixty-five-a of this article. The
  final project description shall include  the  identity  of  the  project
  owner.    After  consultation  with  the city and review of responses to
  requests for proposals and within the limit of funds  available  in  the
  permanent  housing  for  homeless  families fund, the agency shall award
  such contracts as it deems appropriate to developers in order to provide
  one or  more  projects  for  which  it  has  approved  a  final  project
  description.  In  proceeding with a project, the agency is authorized to
  take such  courses  of  action,  including,  but  not  limited  to,  the
  following,  as  may  be  necessary  or  useful in enabling the agency to
  accomplish its purposes:
    1. The developer may hold title to  the  project  during  development,
  construction and rehabilitation;
    2.  In  order  to facilitate project development, the agency may enter
  into a license agreement with the holder of the title to the project;
    3. Upon completion of construction or rehabilitation of the project by
  a developer who has taken title to the project, title shall be  conveyed
  in  accordance  with  the approved final project description, or, in the
  absence of a not-for-profit  corporation  or  housing  development  fund
  company  designated  by  the city to receive title to the project, title
  shall be conveyed to the city.