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New York · Through 2026-09-11

N.Y. Private Housing Finance Law § 55: Assistance by state officers, departments, boards and commissions

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Where this section sits in the code
  1. Private Housing Finance Law
  2. Article 3. New York State Housing Finance Agency

§ 55. Assistance by state officers, departments, boards and

commissions. 1. The department of audit and control, department of law,

commissioner of housing and division of housing, and all other state

officers, departments, boards, divisions and commissions may render such

services to the agency within their respective functions as may be

requested by the agency.

2. The commissioner of housing and community renewal and the division

of housing and community renewal are hereby designated to act for and in

behalf of the agency in servicing the mortgage loans and equity loans of

the agency, except mortgage loans made to hospital corporations which

are eligible borrowers as defined in article twenty-eight-B of the

public health law, nursing home companies, non-profit corporations which

are eligible borrowers as defined in title five-A of article six of the

social services law, or companies incorporated pursuant to the

not-for-profit corporations law and article seventy-five of the mental

hygiene law, and in carrying out the provisions of section forty-four-a

of this article, and shall perform such functions and services in

connection with the making, servicing and collection of such loans and

pursuant to such section forty-four-a of this article as shall be

requested by the agency. The agency shall pay to the division of housing

and community renewal from any of the monies available for such purpose,

such amounts as are necessary to reimburse it for the reasonable costs

of the services performed by the commissioner of housing and community

renewal and the division of housing and community renewal pursuant to

this section.

3. The state commissioner of health and the state department of health

are hereby designated to act for and in behalf of the agency in

servicing the nursing home company mortgage loans of the agency and the

mortgage loans of the agency to hospital corporations which are eligible

borrowers as defined in article twenty-eight-B of the public health law,

and shall perform such functions and services in connection with the

making, servicing and collection of such loans as shall be requested by

the agency. The agency shall pay to the department of health from any

monies of the agency available for such purpose, such amounts as are

necessary to reimburse the department of health for the reasonable cost

of the services performed by the commissioner of health and department

of health pursuant to this section.

4. The state commissioner of social services and the state department

of social services are hereby designated to act for and in behalf of the

agency in servicing the youth facilities project mortgage loans of the

agency and shall perform such functions and services in connection with

the making, servicing and collection of such loans as shall be requested

by the agency. The agency shall pay to the department of social services

from any monies of the agency available for such purpose, such amounts

as are necessary to reimburse the department of social services for the

reasonable cost of the services performed by the commissioner of social

services and department of social services pursuant to this section.

5. The state commissioner of mental hygiene and the state department

of mental hygiene are hereby designated to act for and in behalf of the

agency in servicing the community mental health services and

developmental disabilities services companies mortgage loans of the

agency and shall perform such functions and services in connection with

the making, servicing and collection of such loans as shall be requested

by the agency. The agency shall pay to the department of mental hygiene

from any monies of the agency available for such purpose, such amounts

as are necessary to reimburse the department of mental hygiene for the

reasonable cost of the services performed by the commissioner of mental

hygiene and department of mental hygiene pursuant to this section,

including such amounts as are necessary to reimburse the health and

mental hygiene facilities improvement corporation for the reasonable

cost of such services performed by the health and mental hygiene

facilities improvement corporation upon request by the commissioner of

mental hygiene pursuant to the provisions of section 75.25 of the mental

hygiene law.

6. The department of social services of the state of New York is

hereby designated to act for and in behalf of the agency in servicing

the community senior citizens centers and services companies mortgage

loans of the agency and shall perform such functions and services in

connection with the making, servicing and collection of such loans as

shall be requested by the agency. The agency shall pay to such

department from any moneys of the agency available for such purposes,

such amounts as are necessary to reimburse such department for the

reasonable cost of the services performed by such department pursuant to

this section.

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

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