N.Y. Private Housing Finance Law § 456: Minimization of displacement

* § 456. Minimization of displacement. The supervising agency shall

use its best efforts to ensure that activities carried out pursuant to

subdivisions seven and eight of section four hundred fifty-two of this

article are structured so as to minimize the likelihood of any

involuntary economic displacement of tenants who reside in multiple

dwellings which are the subject of such activities. However, if

temporary physical displacement is required as a direct result of

rehabilitation work which is performed in such multiple dwelling

receiving a loan pursuant to this article suitable temporary relocation

arrangements shall be provided.

* NB Expires July 1, 2027