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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 9. Executive Department |
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Subtitle S. Division of Housing and Community Renewal |
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Chapter V. Urban Renewal |
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Subchapter B. Housing Trust Fund Corporation |
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Article 1. Housing Trust Fund Program |
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Part 1904. Regulatory Agreements |
Sec. 1904.6. Limitation of profit or rate of return of private developers
Latest version.
- A private developer shall be entitled to a limited profit or rate of return of investors in accordance with a formula established by the corporation. Said formula may provide for alternatives which can include short term and long term recovery methods of the limited profits or rate of return of investors.