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New York · Through 2026-09-11

N.Y. Private Housing Finance Law § 215: Methods of acquisition of real property

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Where this section sits in the code
  1. Private Housing Finance Law
  2. Article 6. Urban Redevelopment Corporations

§ 215. Methods of acquisition of real property. 1. A redevelopment

corporation may:

(a) Whether before or after the certificates of approval of its

development plan required by section two hundred three of this article

have been issued, acquire real property or secure options in its own

name or in the name of nominees to acquire real property, by gift,

grant, lease, purchase or otherwise, or awards in condemnation made or

to be made therefor;

(b) After a certificate of approval of condemnation with respect to

the real property in question has been issued pursuant to section two

hundred sixteen of this article, acquire all or any portion of the real

property included in such certificate of approval of condemnation not

already under contracts of sale or option to it, by condemnation in the

manner provided by the condemnation law, with such departures therefrom

as are provided in this article.

2. A city may, upon request by a redevelopment corporation, and after

a certificate of approval of condemnation with respect to the real

property in question has been issued pursuant to section two hundred

sixteen of this article, acquire, or obligate itself to acquire, for

such redevelopment corporation any real property included in such

certificate of approval of condemnation, by gift, grant, lease,

purchase, condemnation, or otherwise, according to the provisions of any

appropriate general, special or local law applicable to the acquisition

of real property by the city. Real property acquired by a city for a

redevelopment corporation shall be conveyed by such city to the

redevelopment corporation upon payment to the city of all sums expended

or required to be expended by the city in the acquisition of such real

property.

3. The provisions of this article with respect to the condemnation of

real property by or for a redevelopment corporation or by a city for a

redevelopment corporation shall prevail over the provisions of any other

general, special or local law.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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