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New York · Through 2026-09-11

N.Y. Private Housing Finance Law § 32-b: Annual reports

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Where this section sits in the code
  1. Private Housing Finance Law
  2. Article 2. Limited-profit Housing Companies

§ 32-b. Annual reports. The commissioner shall, on or before the first

day of July in each year, submit a report to the legislature, the state

comptroller, and the attorney general on the implementation of article

two of this chapter by the commissioner and the supervising agency and

the policy included therein. Such report shall include and not be

limited to rent and carrying charge levels, changes therein, operation

of the state capital grant program and federal subsidy programs, tax

abatement levels, total capital outlay, amortization, mortgage interest

rates, income levels served by the housing, surcharge billings and

collections and use of surcharge revenues, and vacancy rates. Such

report shall also include information regarding any limited-profit

housing company that has voluntarily dissolved in the preceding calendar

year, and any limited-profit housing company that has filed a notice of

intent to dissolve in the current calendar year with the commissioner

and the supervising agency. This information shall include, but not be

limited to, the name and address of the development, the number of units

in the development, a range of amounts of rent offered in the

development, the number of tenants in the development, the current

vacancy rate in the development, income levels served by the

development, how long the limited-profit housing company has

participated in the program, and any sales or transfers that have

occurred since the limited-profit housing company was created. For the

purpose of preparing such report, the commissioner may request, and

shall receive, from any municipality or supervising agency such data as

he deems necessary or desirable and such municipality or supervising

agency shall furnish the requested data within sixty days of such

request.

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

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