N.Y. Private Housing Finance Law § 906: Technical services and assistance to neighborhood preservation companies

§ 906. Technical services and assistance to neighborhood preservation

companies. 1. The division is hereby authorized to render to

neighborhood preservation companies such technical services and

assistance as it may possess or as may be available to it to enable such

companies to comply with the intent and provisions of this article. The

division is further authorized to take all steps necessary to encourage

the formation, organization and growth of new neighborhood preservation

companies. The division may also, from funds appropriated for the

purposes of this article, contract with municipal and other public

agencies and with private persons, firms and corporations for the

provision of such technical services and assistance which may include:

preparation and submission of proposals for entering into contracts with

the commissioner; preparation and submission of reports required under

such contracts or regulations issued by the commissioner; internal

organization and management of the neighborhood preservation companies;

recruitment and training of personnel of the neighborhood preservation

companies; preparation of plans and projects, negotiation of agreements

and compliance with requirements of programs in which neighborhood

preservation companies may become engaged in the course of their

neighborhood preservation activities; and other technical advice or

assistance relating to the performance or rendition of neighborhood

preservation activities.

2. The affordable housing corporation, the housing trust fund

corporation or their designee as the case may be, shall provide an

incentive grant to each company that is awarded a contract pursuant to

article eighteen or nineteen of this chapter. Such incentive grant shall

consist of the payment of an additional sum of money equal to three

percent of the amount payable to such company pursuant to each contract

provided, however, that such payment shall not be counted against the

per dwelling unit total imposed by subdivision one of section eleven

hundred two of this chapter or the per dwelling unit limitation imposed

by subdivision one of section eleven hundred twelve of this chapter, and

provided further that such additional amount shall not exceed forty

thousand dollars per contract. Such incentive grant shall be utilized

either for purposes consistent with the provisions of this article or

for the cost of neighborhood preservation activities related to such

contract and shall not be subject to the limitation on the amount of

funds which may be received by companies contained in subdivision four

of section nine hundred three of this article. Such incentive grant

shall be added to and considered a payment under the contract for

purposes of allocating funds to any single municipality.