{"data":{"id":"us-ny/n.y.-private-housing-finance-law-1230","jurisdiction":"us-ny","citation":"N.Y. Private Housing Finance Law § 1230","heading":"Statement of legislative findings and purpose","body":"§ 1230. Statement of legislative findings and purpose. The legislature\nfinds and declares that there exists in New York state a serious need to\nassist communities with the creation and improvement of affordable\nhousing, and the commercial, retail and community facilities related to\nmixed use affordable residential developments. Locally based\nnot-for-profit organizations play a significant role in addressing the\nunique characteristics of rural and urban communities. Partnerships,\nalliances and collaborations with corporate entities, to the extent\npracticable, will foster cross-sector collaboration in order to build a\ndiverse community support system. The legislature finds that, in both\nrural and urban areas of the state, a program should be established to\nfund the creation, preservation and/or improvement of affordable\nhousing; or the creation, preservation or improvement of the commercial,\nretail or community facilities component of mixed use affordable\nresidential developments.","path":["Private Housing Finance Law","Article 27. Rural and Urban Community Investment Fund Program"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PVH/1230","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"ce8391eda86da9bc7b1d16c340dfeb5aeb85b1300ffbf50874b5b4f9a2a27aa3","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-private-housing-finance-law-1222","next":"us-ny/n.y.-private-housing-finance-law-1231"},"notice":"GroundRules: Original legal text. Not legal advice."}