N.Y. Private Housing Finance Law § 1106-b

§ 1106-b. Low income turnkey/enhanced housing trust fund program\nestablished. There is hereby established within the housing trust fund\ncorporation a low income turnkey/enhanced housing trust fund program.\nWithin the limit of funds available for this purpose in the\nturnkey/enhanced housing account, the corporation is hereby authorized\nto enter into contracts to provide grants or loans to eligible\napplicants for all or a portion of turnkey/enhanced rental project costs\nto construct or rehabilitate turnkey/enhanced rental projects subject to\nthe terms and conditions of this article. Upon completion of\nconstruction or rehabilitation of a turnkey/enhanced rental project, an\neligible applicant may, where appropriate, transfer such project to an\neligible owner.\n