N.Y. Public Housing Law § 121: Acquisition after project approved

§ 121. Acquisition after project approved. When a project has been

approved, an authority may purchase, lease or condemn, or obligate

itself to purchase, lease or condemn, real property for a project.

Notwithstanding any other provisions of and in addition to any other

powers granted under this chapter, where all the dwelling units in a

building have been leased by an authority for occupancy by persons or

families of low income in accordance with the provisions of section

twenty-three of the United States housing act of nineteen hundred

thirty-seven, as amended, the prior approval by the local legislative

body of such leasing program shall constitute all necessary approvals

under this chapter for an authority to exercise an option to purchase

such real property.