Limited-Profit Housing Companies

  1. Law
  2. New York Laws
  3. Private Housing Finance
  4. Limited-Profit Housing Companies

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Section
10

Short Title.

Section
11

Policy and Purposes of Article.

Section
11-A

Additional Policy and Purposes of Article.

Section
12

Definitions.

Section
13

Limited-Profit Housing Companies; How Created.

Section
13-A

The Applicability of Not-for-Profit Corporation Law.

Section
13-B

Verification of Papers Filed With Supervising Agency.

Section
14

Consent of Commissioner to Incorporation.

Section
15

Participation by Certain Corporations and Individuals.

Section
16

Limited-Profit Housing Companies; Partnership Relations.

Section
17

Powers.

Section
18

Designation of and Service of Process on Secretary of State and Registered Agent.

Section
19

Consideration for Issuance of Stock, Bonds or Income Debentures.

Section
20

Mortgages, Mortgage Bonds and Notes.

Section
21

Capital Structure.

Section
22

State Loans.

Section
22-A

Redevelopment Loans.

Section
22-B

Loans for State-Aided Limited-Profit Housing Companies.

Section
23

Municipal Loans and Municipally Aided Projects.

Section
23-A

Mortgage Modifications, Evidence of Pre-Existing Indebtedness.

Section
23-B

Participation in Loan or Investment.

Section
23-C

Mortgage Modifications.

Section
24

Income Debentures.

Section
25

Working Capital.

Section
26

Conditions and Security for Loans.

Section
26-A

Findings for Municipally-Aided Projects.

Section
26-B

Special Provisions With Respect to State Urban Development Corporation Projects.

Section
26-C

Special Provisions With Respect to Battery Park City Projects.

Section
27

Limitations.

Section
28

Payments From Earnings.

Section
29

Acquisition of Property.

Section
30

Transfer of Real Property.

Section
31

Rentals and Selection of Tenants.

Section
31-A

Resale Price of Shares.

Section
31-B

Assignment or Pledge of Tenant Cooperator's Shares.

Section
31-C

Tenant-Cooperators; Application of Shares.

Section
32

Supervision and Regulation.

Section
32-A

Additional Supervision and Regulation.

Section
32-B

Annual Reports.

Section
33

Tax Exemptions.

Section
34

Foreclosure and Judgments.

Section
35

Voluntary Dissolution.

Section
36

Sale of Project Prior to Termination of Tax Exemption.

Section
36-A

Additional Powers of Municipalities.

Section
37

Separability Clause.