N.Y. Special Needs Housing Act 261/88 § 4: Contracts for single room housing projects

§ 4. Contracts for single room housing projects. (a) The corporation

may enter into contracts with corporations incorporated under the

not-for-profit corporation law for the carrying out by such corporations

of a single room housing project.

(b) Prior to entering into a contract pursuant to this section the

corporation shall have made a finding that the corporation which

proposes to contract with the corporation is a bona fide organization

which shall have demonstrated by its past and current activities that it

has the ability to preserve, repair, maintain, renovate, rehabilitate,

manage or operate single room housing accommodations and that the

project is to be substantially occupied by persons of lower income.

(c) Each contract entered into pursuant to this section shall provide

for payment to the corporation for single room housing project

activities to be carried out by it. The full amount of the contract, or

any appropriate portion thereof, as determined by the corporation, shall

be available for payment at any time on or after the effective date of

the contract.

(d) No more than fifty percent of the total amount originally

appropriated pursuant to this act in any fiscal year shall be allocated

to projects located within any single municipality.