N.Y. Urban development research corporation act 173/68 § 6: Purposes of the corporation

§ 6. Purposes of the corporation. (1) To facilitate the comprehensive

development of urban areas throughout the state and to promote the

health, safety, welfare and prosperity of the people of the state by

maximizing the resources, talents and energies of the private sector of

the economy, by encouraging local initiative and local participation in

the projects of the corporation, and by relieving the burdens of

government in connection with such development.

(2) In cooperation with the private sector of the economy and with

federal, state and local government, to assist in providing safe and

decent housing for persons and families which cannot afford the prices

and rentals of housing provided through the unaided efforts of private

enterprise, and in connection therewith:

(a) To carry out and to facilitate the acquisition, construction,

reconstruction, and rehabilitation of housing projects, as defined

herein and to sell or lease such projects to families which would

otherwise be unable to afford safe and decent housing accommodations.

(b) To make loans or grants for the acquisition, construction,

reconstruction and rehabilitation of housing projects, as defined herein

and in connection therewith to provide technical advice and assistance

to persons and firms undertaking such rehabilitation and to encourage

new means and technologies to carry out such rehabilitation to the end

that persons previously unable to enjoy the benefits of home ownership

will be able to afford their own homes.

(c) To utilize the state capital grant low rent assistance program,

pursuant to section forty-four-a of the private housing finance law, in

housing projects of the corporation, in order to increase the

availability of housing accommodations for persons and families of low

income.

(3) In order to reduce unemployment, provide opportunities for

additional and maximum employment, the creation of better job

opportunities, and the improvement of individual job skills, to attract

new industries to urban areas of the state and to promote the economy

and prosperity of such areas, to carry out, facilitate and make loans

for the acquisition, construction, reconstruction and rehabilitation of

industrial plants and facilities, including the furnishing of machinery

and equipment therein, manufacturing, commercial, research and warehouse

and other business facilities; and to lease space in such facilities to

qualified users thereof.

(4) To acquire land, whether or not such land constitutes a

substandard or insanitary area, for any of its corporate purposes,

including the development of housing and industrial projects, as defined

herein, to clear, improve and prepare such land for development, to

carry out the development of such land, or to make the same available by

sale, lease or otherwise to private investors and developers when such

disposition is, in the judgment of the corporation, necessary or

desirable for the development of the community in which such land is

situated.

(5) To cooperate with the private sector of the economy, including the

urban development guarantee fund of New York, and with the federal,

state and local governments, and agencies thereof, including the New

York state urban development corporation, in order to coordinate public

and private efforts in the development of urban areas throughout the

state, including housing, industry and commerce, educational and

recreational facilities, and transportation and other public services

and facilities.

(6) To encourage and facilitate, in connection with any of its

projects, participation in construction work by residents of the area in

which such projects are to be located, and to encourage and facilitate

participation by such residents in the business operations of tenants

and occupants of industrial projects of the corporation.

(7) To conduct, assist, promote and encourage scientific,

technological and administrative research and experimentation in the

fields of low cost housing, of rehabilitating, reconstructing and

renewing blighted, deteriorated and deteriorating areas, and of

protecting against the hazards of unemployment and underemployment; of

developing and testing and encouraging the development and testing of

new methods of constructing, rehabilitating and improving low cost

housing, of developing and testing and encouraging the development and

testing of new methods of rehabilitating, reconstructing, and renewing

blighted, deteriorated and deteriorating areas; of planning for the

comprehensive development of communities; of acting as a clearing house

and distributing agency of the results of such research and

experimentation, and of conducting, assisting and encouraging research

and experimentation on such other aspects of providing safe, sanitary

and adequate low cost housing; of rehabilitating, reconstructing and

renewing blighted or deteriorated and deteriorating areas, and of

providing increased job opportunities as the corporation shall deem

advisable.