New York Consolidated Laws, Private Housing Finance Law - PVH § 1106-b. Low income turnkey/enhanced housing trust fund program established

There is hereby established within the housing trust fund corporation a low income turnkey/enhanced housing trust fund program.  Within the limit of funds available for this purpose in the turnkey/enhanced housing account, the corporation is hereby authorized to enter into contracts to provide grants or loans to eligible applicants for all or a portion of turnkey/enhanced rental project costs to construct or rehabilitate turnkey/enhanced rental projects subject to the terms and conditions of this article.  Upon completion of construction or rehabilitation of a turnkey/enhanced rental project, an eligible applicant may, where appropriate, transfer such project to an eligible owner.