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N.Y. Private Housing Finance Law § 456

Minimization of displacement

2024-07-05

* § 456. Minimization of displacement. The supervising agency shall\nuse its best efforts to ensure that activities carried out pursuant to\nsubdivisions seven and eight of section four hundred fifty-two of this\narticle are structured so as to minimize the likelihood of any\ninvoluntary economic displacement of tenants who reside in multiple\ndwellings which are the subject of such activities. However, if\ntemporary physical displacement is required as a direct result of\nrehabilitation work which is performed in such multiple dwelling\nreceiving a loan pursuant to this article suitable temporary relocation\narrangements shall be provided.\n * NB Expires July 1, 2027\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.