N.Y. Private Housing Finance Law § 1230: Statement of legislative findings and purpose

§ 1230. Statement of legislative findings and purpose. The legislature

finds and declares that there exists in New York state a serious need to

assist communities with the creation and improvement of affordable

housing, and the commercial, retail and community facilities related to

mixed use affordable residential developments. Locally based

not-for-profit organizations play a significant role in addressing the

unique characteristics of rural and urban communities. Partnerships,

alliances and collaborations with corporate entities, to the extent

practicable, will foster cross-sector collaboration in order to build a

diverse community support system. The legislature finds that, in both

rural and urban areas of the state, a program should be established to

fund the creation, preservation and/or improvement of affordable

housing; or the creation, preservation or improvement of the commercial,

retail or community facilities component of mixed use affordable

residential developments.