New York Consolidated Laws, Private Housing Finance Law - PVH § 1230. Statement of legislative findings and purpose

The legislature finds and declares that there exists in New York state a serious need to assist communities with the creation and improvement of affordable housing, and the commercial, retail and community facilities related to mixed use affordable residential developments.  Locally based not-for-profit organizations play a significant role in addressing the unique characteristics of rural and urban communities.  Partnerships, alliances and collaborations with corporate entities, to the extent practicable, will foster cross-sector collaboration in order to build a diverse community support system.  The legislature finds that, in both rural and urban areas of the state, a program should be established to fund the creation, preservation and/or improvement of affordable housing;  or the creation, preservation or improvement of the commercial, retail or community facilities component of mixed use affordable residential developments.