2021 New York Laws
PVH - Private Housing Finance
Article 30 - New York Access to Home for Heros Program
1272 - Access to Home for Heros Contracts.

§  1272.  Access  to home for heroes contracts. 1. Within the limit of
  funds  available  in  the  access  to  home  for  heroes  program,   the
  corporation  is  hereby authorized to enter into contracts with eligible
  applicants to provide financial assistance for the actual  costs  of  an
  access  to home for heroes program. The financial assistance shall be in
  the form of grants. No more than  fifty  percent  of  the  total  amount
  awarded  pursuant  to this article in any fiscal year shall be allocated
  to access to home programs located within any single municipality.
2. The total payment pursuant to any one  contract  shall  not  exceed
  five  hundred  thousand  dollars  and  the  contract  shall  provide for
  completion of the program  within  a  reasonable  period,  as  specified
  therein,  which  shall  not  in  any  event  exceed three years from its
  commencement. Upon request, the corporation may extend the term  of  the
  contract  for up to two additional one year periods for good cause shown
  by the eligible applicant.
3. The corporation shall authorize the  eligible  applicant  to  spend
  seven   and  one-half  percent  of  the  contract  amount  for  approved
  administrative costs associated with administering the program.
4. The corporation shall require  that,  in  order  to  receive  funds
  pursuant  to  this  article,  the eligible applicant shall submit a plan
  which shall include, but not be limited to, program feasibility,  impact
  on  the  community,  budget for expenditure of program funds, a schedule
  for completion of the program, affirmative action and minority  business
  participation.