2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 6-A - (250 - 261) COMMUNITY DEVELOPMENT CORPORATIONS
251 - Policy and purposes of article.

 
    §  251.  Policy and purposes of article. It is the policy of the state
  to promote the  reconstruction  and  redevelopment  of  municipal  urban
  renewal  areas  in  a  manner  that  will  serve the civic, cultural and
  recreational needs of the community as a whole.  There is need for local
  non-profit corporations to construct, with mortgage  loan  participation
  by  the  New  York state housing finance agency and in furtherance of an
  urban renewal plan, civic,  cultural  and  recreational  structures  and
  facilities and other capital development projects invested with a public
  interest,  for the accomplishment of the purposes of article eighteen of
  the constitution and articles  fifteen  and  fifteen-A  of  the  general
  municipal law.