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2016 New York Laws
PVH - Private Housing Finance
Article 8-B - (Private Housing Finance) LOANS TO OWNER-OCCUPANTS OF ONE TO FOUR UNIT PRIVATE AND MULTIPLE DWELLINGS
478 - Source of funds.

NY Priv Hous Fin L § 478 (2016) What's This?
  478.  Source  of  funds.  A  municipality may utilize federal grant
  funds, state grant funds or any municipal funds to  make  loans  and  to
  provide interest reduction subsidies pursuant to this article.

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