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New York Consolidated Laws, Private Housing Finance Law - PVH § 51-a. Federal rental assistance program administrative fees

Current as of January 01, 2026 | Updated by Findlaw Staff

All administrative fee monies received by the agency from the federal government pursuant to section eight of the United States housing act of 1937   1, as amended by the Housing and Community Development Act of 1974   2 and subsequent amendments, shall be allocated according to the following schedule:

1. ninety percent of such fees shall be allocated to the not-for-profit corporations or local government agencies providing services under such section eight;

2. ten percent of such fees shall be retained by the state and unless otherwise allocated pursuant to an agreement between the agency and the division of housing and community renewal:

(a) ninety-five percent of such amount shall be allocated to the division of housing and community renewal;  and

(b) five percent shall be retained by the agency.

1  42 USCA § 1401 et seq.
2  42 USCA § 1437 et seq.
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Cite this article: FindLaw.com - New York Consolidated Laws, Private Housing Finance Law - PVH § 51-a. Federal rental assistance program administrative fees - last updated January 01, 2026 | https://codes.findlaw.com/ny/private-housing-finance-law/pvh-sect-51-a/

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