N.Y. Private Housing Finance Law § 1051: Legislative findings and statement of policy

§ 1051. Legislative findings and statement of policy. The legislature

hereby finds and declares that there exists in many portions of the

rural areas of the state substantial needs for revitalization and

improvement of housing and of local commercial and service facilities,

and for related community renewal activities. The findings set forth in

article seventeen of this chapter, with respect to the special needs and

problems of such areas and the significant potential role of locally

based not-for-profit organizations in helping to meet such needs, are

hereby reaffirmed. The legislature hereby determines that, in addition

to the program of state support to help meet the administrative expenses

of such organizations under article seventeen, a further public need

exists for state funding of a portion of the costs of specific

revitalization projects carried out by such groups and similar local

organizations. It is the purpose of this article to encourage community

preservation and improvement in the rural area of the state by

establishing a program of such funding.