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This entry was published on 2014-09-22
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SECTION 251
Policy and purposes of article
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 6-A
§ 251. Policy and purposes of article. It is the policy of the state
to promote the reconstruction and redevelopment of municipal urban
renewal areas in a manner that will serve the civic, cultural and
recreational needs of the community as a whole. There is need for local
non-profit corporations to construct, with mortgage loan participation
by the New York state housing finance agency and in furtherance of an
urban renewal plan, civic, cultural and recreational structures and
facilities and other capital development projects invested with a public
interest, for the accomplishment of the purposes of article eighteen of
the constitution and articles fifteen and fifteen-A of the general
municipal law.