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 2166. Grant Award |
Sec. 2166.2. Grant agreement
Latest version.
- Thereafter, the corporation and the applicant will sign a grant agreement incorporating the regulations contained herein and specifying the terms and conditions under which the grant will be provided. Among other matters, the grant agreement will provide for a reduction of the grant if project costs or expenses are reduced and conditions of financing are altered and such other restrictions as the corporation may deem appropriate.