2017 New York Laws
PVH - Private Housing Finance
Article 3 - New York State Housing Finance Agency
51-A - Federal Rental Assistance Program Administrative Fees.
51-a. Federal rental assistance program administrative fees. All administrative fee monies received by the agency from the federal government pursuant to section eight of the United States housing act of 1937, as amended by the Housing and Community Development Act of 1974 and subsequent amendments, shall be allocated according to the following schedule:
1. ninety percent of such fees shall be allocated to the not-for-profit corporations or local government agencies providing services under such section eight;
2. ten percent of such fees shall be retained by the state and unless otherwise allocated pursuant to an agreement between the agency and the division of housing and community renewal:
(a) ninety-five percent of such amount shall be allocated to the division of housing and community renewal; and
(b) five percent shall be retained by the agency.
