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2021 New York Laws
PVH - Private Housing Finance
Article 17 - Housing and Community Preservation in Rural Areas
1005 - Enforcement of Standards for Contract Performance.

Universal Citation: NY Priv Hous Fin L § 1005 (2021)
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§  1005.  Enforcement  of  standards for contract performance. 1.  The
  division shall by  regulation  provide  for  formal  evaluation  of  the
  performance  of a corporation to determine its progress in achieving the
  objectives outlined in the annual  housing  preservation  and  community
  renewal   plan  contained  in  its  contract  with  the  division.  Such
  evaluation shall include a review of the efforts of the  corporation  to
  execute  each  of  the components of its plan and a consultation between
  the corporation and the division regarding the findings of the  division
  relative  to  performance.  The  division  shall  provide or cause to be
  provided technical assistance determined to be necessary by the division
  to improve the ability  of  the  corporation  to  execute  each  of  the
  components  of  its  plan. Such evaluation and determination of the need
  for  technical  assistance  shall  consider  the  financial  and   staff
  resources  of  the  corporation for the period evaluated and any special
  considerations which may have had an impact on  performance  during  the
  period.

2.  If  the  division  determines  that  a  corporation  has  not made
  sufficient progress  toward  achieving  the  objectives  of  its  annual
  housing  preservation  and  community  renewal  plan  the division shall
  conduct a site visit to review these findings and, if  warranted,  shall
  place the corporation on probation.

3.  The division shall terminate or not renew or not extend a contract
  in accordance with  provisions  of  subdivision  seven  of  section  one
  thousand  three  of this article if the commissioner determines that the
  performance of a  corporation  is  not  sufficient  to  merit  continued
  participation in the program.

4.  Notwithstanding  the foregoing, the commissioner may terminate any
  contract  upon  a  finding  of  substantial  non-compliance   or   other
  substantial breach of the contract.

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