N.Y. Urban development research corporation act 173/68 § 2: Statement of legislative findings and purposes

§ 2. Statement of legislative findings and purposes. The legislature

hereby finds, determines and declares that there exists in this state:

(a) a seriously inadequate supply of safe and sanitary dwelling

accommodations within the financial reach of a substantial number of

families and persons, including aged persons, living within the state;

(b) a substantial number of dwelling accommodations, including many

sheltering one to four families, which are structurally sound, but

substandard or deteriorating;

(c) a serious condition of involuntary unemployment and

underemployment causing severely adverse social and economic

consequences, including the waste of human resources, the growth of

crime and delinquency, the loss of educational opportunities for many of

our youth, and the burden on the state and local governments of

increasing public assistance payments and decreasing tax revenues;

(d) many residential, commercial and industrial areas which are

substandard and insanitary or which are becoming substandard and

insanitary because of blighted, obsolete, deteriorated or deteriorating

conditions;

(e) a serious need for extensive and in-depth research and

experimentation to discover new, better, and cheaper methods of

constructing and rehabilitating low cost housing; of constructing,

reconstructing, rehabilitating and improving commercial, manufacturing

and industrial facilities; of rehabilitating, reconstructing and

renewing substandard, deteriorated and deteriorating areas; and of

protecting against the hazards of involuntary unemployment and

underemployment.

The legislature further finds and declares that such conditions cannot

be corrected by the ordinary operations of private enterprise and are

contrary to the public interest. They threaten the health, safety,

welfare, morale, comfort and security of the people of this state.

The legislature hereby declares it to be the policy of this state to

provide an adequate supply of safe and sanitary dwelling accommodations;

to increase job opportunities and protect against involuntary

unemployment and underemployment by promoting, attracting, stimulating

and revitalizing business, commerce, industry and manufacturing in the

urban areas of the state; and to arrest the spread of deterioration and

blight and promote the economic and physical development of such areas

through the construction, reconstruction, rehabilitation and improvement

of residential, commercial and industrial structures and facilities

therein.

For these purposes, there should be created a nonprofit corporation

known as "Corporation for Urban Development and Research of New York"

which, with grants and loans from private sources, through the issuance

of bonds and notes to the investing public, and through participation in

federal, state, and local programs, may independently and in cooperative

effort with the New York state urban development corporation and the

urban development guarantee fund of New York, acquire, construct,

reconstruct, rehabilitate and improve, and finance the acquisition,

construction, reconstruction, rehabilitation and improvement of, housing

accommodations and industrial, manufacturing, commercial and

recreational structures and facilities; clear, replan, reconstruct, and

rehabilitate such substandard and insanitary areas; and conduct research

and experimentation in all these fields.

The legislature further finds and declares that such a non-profit

corporation organized for such purposes and with the powers and

authorities necessary to accomplish them cannot be created under any

general law; that such a corporation being necessary and proper to

obtain the ends here recited, it should be created by a special act of

the legislature.