New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 21. Miscellaneous |
Chapter XXXV. New York State Housing Finance Agency |
Subchapter B. Affordable Home Ownership Development Program |
Part 2162. Grants |
Sec. 2162.3. Ineligible costs
Latest version.
- Grant funds may not be applied to administrative costs incurred by an eligible applicant or grantee, nor to any other costs which are not directly related to the construction, rehabilitation or improvement of homes. In the event that homes are to be located in a mixed-use structure, then any costs associated with the nonresidential uses are ineligible costs.