{"data":{"id":"us-ny/n.y.-private-housing-finance-law-112-a","jurisdiction":"us-ny","citation":"N.Y. Private Housing Finance Law § 112-a","heading":"Redevelopment loans","body":"§ 112-a. Redevelopment loans. Notwithstanding any provision of section\none hundred eleven or one hundred twelve of this article to the\ncontrary, where a redevelopment company undergoes a comprehensive\nredevelopment plan, the supervising agency may approve a loan and\nencumbrance of such project in an amount in excess of actual cost of the\nproject, provided that such amount represents cost of capital\nimprovements, redevelopment, or acquisition by a new owner, any\nconsequent rent increase is not unduly burdensome to the tenants, and\nthe redevelopment company enters into an agreement to remain subject to\nthe provisions of this article for a period of no less than fifteen\nyears from issuance of the loan and encumbrance.","path":["Private Housing Finance Law","Article 5. Redevelopment Companies"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PVH/112-A","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"111741968c4ff0d523a9fdecc8ee7feb84990f1d597da44ce9eae5d76e0f9f5b","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-private-housing-finance-law-112","next":"us-ny/n.y.-private-housing-finance-law-113"},"notice":"GroundRules: Original legal text. Not legal advice."}