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This entry was published on 2019-11-29
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SECTION 32-B
Annual reports
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 2
§ 32-b. Annual reports. The commissioner shall, on or before the first
day of July in each year, submit a report to the legislature, the state
comptroller, and the attorney general on the implementation of article
two of this chapter by the commissioner and the supervising agency and
the policy included therein. Such report shall include and not be
limited to rent and carrying charge levels, changes therein, operation
of the state capital grant program and federal subsidy programs, tax
abatement levels, total capital outlay, amortization, mortgage interest
rates, income levels served by the housing, surcharge billings and
collections and use of surcharge revenues, and vacancy rates. Such
report shall also include information regarding any limited-profit
housing company that has voluntarily dissolved in the preceding calendar
year, and any limited-profit housing company that has filed a notice of
intent to dissolve in the current calendar year with the commissioner
and the supervising agency. This information shall include, but not be
limited to, the name and address of the development, the number of units
in the development, a range of amounts of rent offered in the
development, the number of tenants in the development, the current
vacancy rate in the development, income levels served by the
development, how long the limited-profit housing company has
participated in the program, and any sales or transfers that have
occurred since the limited-profit housing company was created. For the
purpose of preparing such report, the commissioner may request, and
shall receive, from any municipality or supervising agency such data as
he deems necessary or desirable and such municipality or supervising
agency shall furnish the requested data within sixty days of such
request.