N.Y. Private Housing Finance Law § 1006: Technical services and assistance to corporations and rural areas

§ 1006. Technical services and assistance to corporations and rural

areas. 1. In accordance with the policy of this article, the division

shall encourage the creation, development and strengthening of new

not-for-profit corporations to perform housing preservation and

community renewal activities in the rural areas of the state, and is

authorized to take all steps necessary to that end. The division shall

provide technical services and assistance to not-for-profit corporations

seeking to serve the housing or community renewal needs of rural areas,

to better enable such corporations to meet the requirements of, and

obtain funding under this article or any other program of governmental

assistance, federal, state or local, to carry out their present and

proposed activities, and otherwise to further the purposes and policy of

this article. Such services and assistance may be provided through the

division's own personnel and facilities, through contractual services,

or otherwise.

2. The affordable housing corporation or the housing trust fund

corporation, as the case may be, shall provide an incentive grant to

each corporation that is awarded a contract pursuant to article eighteen

or nineteen of this chapter. Such incentive grants shall consist of the

payment of an additional sum of money equal to three percent of the

amount payable to such corporation pursuant to each contract provided,

however, that such payment shall not be counted against the per dwelling

unit total imposed by subdivision one of section eleven hundred two of

this chapter or the per dwelling unit limitation imposed by subdivision

one of section eleven hundred twelve of this chapter, and provided

further that such additional amount shall not exceed forty thousand

dollars per contract. Such incentive grant shall be utilized either for

purposes consistent with the provisions of this article or for the cost

of housing preservation and community renewal activities related to such

contract and shall not be subject to the limitation on the amount of

funds which may be received by corporations contained in subdivision

four of section one thousand three of this article. Such incentive grant

shall be added to and considered a payment under the contract for

purposes of allocating funds to any single municipality.