N.Y. Private Housing Finance Law § 89: Consolidated projects; operation of more than one project

§ 89. Consolidated projects; operation of more than one project. The

commissioner may permit the consolidation of two or more approved

projects or the extension or amendment of any approved project or the

consolidation of any approved project with a proposed project. In any of

these events, the consolidated project shall be treated as an original

project and an application shall be submitted as in the case of an

original project and rents and costs may be averaged throughout the

consolidated or extended project. The commissioner may likewise permit

any housing company to organize and operate more than one project or to

take over any project heretofore approved by the commissioner and to

operate it independently of other projects of the housing company. The

commissioner may in his discretion decline to permit more than one

project to be operated by the same housing company.