The commissioner may permit the consolidation of two or more approved projects or
the extension or amendment of any approved project or the consolidation of any approved
project with a proposed project. In any of these events, the consolidated project shall be treated as an original
project and an application shall be submitted as in the case of an original project
and rents and costs may be averaged throughout the consolidated or extended project. The commissioner may likewise permit any housing company to organize and operate
more than one project or to take over any project heretofore approved by the commissioner
and to operate it independently of other projects of the housing company. The commissioner may in his discretion decline to permit more than one project to
be operated by the same housing company.
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