{"data":{"id":"us-ny/n.y.-private-housing-finance-law-557","jurisdiction":"us-ny","citation":"N.Y. Private Housing Finance Law § 557","heading":"Supervision of certain housing companies","body":"§ 557. Supervision of certain housing companies. The provisions of\nsection thirteen of this chapter requiring the approval by the\ncommissioner of housing of the persons incorporating a limited-profit\nhousing company, and the provisions of section fourteen of this chapter\nrequiring the consent of the commissioner of housing to the filing of a\ncertificate of incorporation of a limited-profit housing company in the\noffice of the secretary of state and amendments thereof, shall not apply\nto a municipally-aided housing company organized for the purpose of\npurchasing or leasing a federally-aided project or municipally-aided\nproject from a municipality or housing authority. The deed or lease\nshall, in such cases, make provision for the supervision of such\ncompanies by one or more state, federal or municipal agencies.","path":["Private Housing Finance Law","Article 10. Sale or Lease of Projects"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PVH/557","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"da07009b94a10d61798c9a242b655a308fb465c1a0f1582952ea5500e36eb1af","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-private-housing-finance-law-556","next":"us-ny/n.y.-private-housing-finance-law-558"},"notice":"GroundRules: Original legal text. Not legal advice."}