N.Y. Private Housing Finance Law § 1230

§ 1230. Statement of legislative findings and purpose. The legislature\nfinds and declares that there exists in New York state a serious need to\nassist communities with the creation and improvement of affordable\nhousing, and the commercial, retail and community facilities related to\nmixed use affordable residential developments. Locally based\nnot-for-profit organizations play a significant role in addressing the\nunique characteristics of rural and urban communities. Partnerships,\nalliances and collaborations with corporate entities, to the extent\npracticable, will foster cross-sector collaboration in order to build a\ndiverse community support system. The legislature finds that, in both\nrural and urban areas of the state, a program should be established to\nfund the creation, preservation and/or improvement of affordable\nhousing; or the creation, preservation or improvement of the commercial,\nretail or community facilities component of mixed use affordable\nresidential developments.\n