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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 4. Special Needs Housing Program |
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Part 1932. Regulatory Agreements |
Sec. 1932.1. Regulatory agreements
Latest version.
- (a) The corporation shall enter into a regulatory agreement with each eligible applicant who has been accepted, provided that the conditions set forth in the award have been satisfied.(b) The regulatory agreement shall provide that the restrictions on the use of the eligible property are real covenants that shall run with the land until the termination of the regulatory period.