N.Y. Private Housing Finance Law § 1174: General and administrative provisions

§ 1174. General and administrative provisions. 1. The division shall

issue and promulgate rules and regulations for the administration of

this article. The rules and regulations shall include provisions

concerning reporting, budgeting and recordkeeping requirements;

provision for modification, termination, extension and renewal of

agreements; and such other matters not inconsistent with the purposes

and provisions of this article as the division shall deem necessary,

proper or appropriate.

2. The division may provide appropriate technical services and

assistance to applicants to comply with the provisions of this article.

3. The division shall issue a report to the temporary president of the

senate and the speaker of the assembly, the chairpersons of the senate

and assembly housing committees and the chairpersons of the senate

finance and assembly ways and means committees on or before January

first, nineteen hundred ninety-three and annually thereafter with

respect to funds committed, contracted or disbursed pursuant to the

national affordable housing act. This report shall include but not be

limited to: a description of the programs/projects funded pursuant to

this program; the amount of funds committed, contracted or disbursed

during the previous federal fiscal year; the amount of such funds

derived from bond proceeds; the number of new affordable units

constructed or rehabilitated, including both rental and home ownership;

the number of units created which were constructed or rehabilitated by

combining NAHA funds with other state-assisted housing programs and an

accounting of the amount of such state-assisted housing program funds

expended; and any access to additional HOME funds made available through

any federal fund reallocation. In addition such report shall indicate

the status of the rules and regulations as required in subdivision one

of this section, until such rules and regulations have been promulgated.

4. All state agencies, offices, departments, boards, divisions,

commissions, public authorities and public benefit corporations may

render such services to the division within their respective functions

as may be requested by the division in order to administer the

provisions of this article.