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This entry was published on 2014-09-22
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SECTION 29
Acquisition of property
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 2
§ 29. Acquisition of property.

(a) After a project, other than a state urban development corporation
project, has been been approved by the commissioner or the supervising
agency and the local legislative body, the commissioner or the
supervising agency as the case may be, shall issue a certificate
declaring that the acquisition of the property is necessary for the
public purpose defined in this article and the company may acquire the
property needed for the project or the municipality may, with respect to
a municipally-aided project or a project aided either by a state loan or
a loan from the New York state housing finance agency, take property by
condemnation for the company, pursuant to the provisions of article nine
of this chapter.

(b) after a state urban development corporation project has been
approved by the commissioner, the commissioner shall authorize the
company undertaking the project to acquire the property needed for such
project.

(c) Notwithstanding the provisions of subdivision (a) of this section,
in the case of a Battery Park city project financed or to be financed by
a loan from Battery Park city authority, the approval of the project and
the certificate declaring that the acquisition of the property is
necessary for the public purposes defined in this article shall be
issued by Battery Park city authority.