N.Y. Private Housing Finance Law § 1133: General and administrative provisions

§ 1133. General and administrative provisions. 1. The agency shall

issue and promulgate rules and regulations for the administration of

this article. The rules and regulations shall include provisions

concerning eligibility of applicants for grants under this article;

funding criteria and funding determination process; evaluation of

contracting applicants; provisions for modification and termination of

contracts; and such other matters not inconsistent with the purposes and

provisions of this article as the agency shall deem necessary or

appropriate.

2. Not less than seventy-five percent of the total amount appropriated

for the purposes of this demonstration program shall be made available

for projects located in cities, towns or villages having a population of

thirty thousand or less persons; such remaining amounts shall be made

available to projects located in cities, towns or villages having a

population of more than thirty thousand persons.

3. The agency shall inform prospective eligible applicants of the

existence of this program and to the maximum extent practicable shall

provide information on this program to all applicants for housing

programs designed to promote the construction or rehabilitation of

affordable housing.

4. The agency shall enter into agreements to the extent feasible, with

other state agencies and public corporations to carry out the provisions

of this article. In entering into such agreements the agency shall

consider the extent to which funds provided pursuant to this article

would compliment the programs administered by such agencies or public

corporations. Such agreements shall be designed to allow the funds

hereunder to be used in conjunction with the programs administered by

such agencies or public corporations.

5. The agency or its designee shall require submission of the names,

addresses and business background of the principals involved, the nature

of their fiduciary relationship and their financial relationship, past,

present and future, to the project and to each other.