N.Y. Private Housing Finance Law § 400: Policy and purposes of article

§ 400. Policy and purposes of article. It is hereby declared that

there exists in municipalities in this state a seriously inadequate

supply of safe and sanitary dwelling accommodations for persons and

families of low income; that such shortage constitutes an emergency and

a grave menace to the health, safety, morals, welfare and comfort of

citizens of this state; that there exists in such municipalities a large

number of multiple dwellings which are inadequate, unsafe or insanitary

by reason of the absence of proper heating facilities or by reason of

the necessity for elimination of conditions dangerous to human life or

detrimental to health, including nuisances as defined in section three

hundred nine of the multiple dwelling law, or for other rehabilitation

or improvement and which can be made adequate, safe and sanitary, by the

installation of proper heating facilities or by other rehabilitation,

preservation or improvement or by the elimination of such conditions;

that such installation, rehabilitation, preservation or improvement

cannot readily be provided by the ordinary unaided operation of private

enterprise for occupancy by persons or families of low income without

public aid in the form of low interest loans or grants to owners of such

multiple dwellings for the purpose of such installation, rehabilitation,

preservation or improvement; that the installation of proper heating

facilities in such multiple dwellings or other rehabilitation,

preservation or improvement thereof for occupancy by persons of low

income as defined in this article is a public use and a public purpose

for which public money may be loaned or granted; that such conditions

require the provisions hereinafter enacted; and the necessity in the

public interest for the provisions hereinafter enacted is hereby

declared as a matter of legislative determination.