{"data":{"id":"us-ny/n.y.-private-housing-finance-law-59-b","jurisdiction":"us-ny","citation":"N.Y. Private Housing Finance Law § 59-b","heading":"Affordable housing development account","body":"§ 59-b. Affordable housing development account. The affordable housing\ncorporation created by section forty-five-b of this chapter shall create\nand establish a special account to be known as the affordable housing\ndevelopment account and shall pay into such account any moneys which may\nbe made available to such corporation for the purposes of such account\nfrom any source including but not limited to moneys appropriated by and\nmade available pursuant to appropriation by the state and any income or\ninterest earned by, or increment to, the account due to the investment\nthereof or loans made pursuant to article nineteen of this chapter. The\nmoneys held in or credited to the affordable housing development account\nestablished under this section shall be expended solely to carry out the\nprovisions of article nineteen of this chapter.","path":["Private Housing Finance Law","Article 3. New York State Housing Finance Agency"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PVH/59-B","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"6abbeb8e7ca87908713366818efebf1b01e96b6fcf1a07ffc63a605b09ba6fa2","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-private-housing-finance-law-59-a","next":"us-ny/n.y.-private-housing-finance-law-59-c"},"notice":"GroundRules: Original legal text. Not legal advice."}