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The Laws of New York
Consolidated Laws of New York
CHAPTER 44-B
Private Housing Finance
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Miscellaneous
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CHAPTER 44-B
Private Housing Finance
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Participation Loans to Owners of Multiple Dwellings By Private Investors and Municipalities Utilizing Federal Grant Funds
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ARTICLE 12
New York City Housing Development Corporation
Private Housing Finance (PVH) CHAPTER 44-B
SECTION 650
Short title
SECTION 651
Statement of legislative findings and purpose
SECTION 652
Definitions
SECTION 653
New York city housing development corporation
SECTION 654
Powers of the corporation
SECTION 654-A
Subsidiaries; how created
SECTION 654-B
Housing assistance corporation
SECTION 654-C
Housing New York corporation
SECTION 654-D
Residential mortgage insurance corporation
SECTION 655
Notes and bonds of the corporation
SECTION 655-A
Authorization of contracts for taxation by the United States of interest on obligations guaranteed thereby
SECTION 656
Reserve funds and appropriations
SECTION 657
Agreement with the state
SECTION 658
State and city not liable on notes and bonds
SECTION 659
City's right to require redemption of bonds
SECTION 660
Remedies of noteholders and bondholders
SECTION 661
Assistance to the corporation
SECTION 662
Notes and bonds as legal investments
SECTION 663
Exemption from taxation
SECTION 664
Employees of the corporation
SECTION 665
Assistance by department of housing preservation and development
SECTION 666
Moneys of the corporation
SECTION 667
Actions
SECTION 668
Annual report
SECTION 669
Article not affected if in part unconstitutional
SECTION 670
Inconsistent provisions in other laws superseded
ARTICLE XII

NEW YORK CITY HOUSING DEVELOPMENT CORPORATION
Section 650. Short title.

651. Statement of legislative findings and purpose.

652. Definitions.

653. New York city housing development corporation.

654. Powers of the corporation.

654-a. Subsidiaries; how created.

654-b. Housing assistance corporation.

654-c. Housing New York corporation.

654-d. Residential mortgage insurance corporation.

655. Notes and bonds of the corporation.

655-a. Authorization of contracts for taxation by the United

States of interest on obligations guaranteed thereby.

656. Reserve funds and appropriations.

657. Agreement with the state.

658. State and city not liable on notes and bonds.

659. City's right to require redemption of bonds.

660. Remedies of noteholders and bondholders.

661. Assistance to the corporation.

662. Notes and bonds as legal investments.

663. Exemption from taxation.

664. Employees of the corporation.

665. Assistance by department of housing preservation and

development.

666. Moneys of the corporation.

667. Actions.

668. Annual report.

669. Article not affected if in part unconstitutional.

670. Inconsistent provisions in other laws superseded.