2015 New York Laws
PVH - Private Housing Finance
Article 18-A - (Private Housing Finance) 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 (2015) 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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