Statute · New York Private Housing Finance Law
N.Y. Priv. Hous. Fin. Law § 475 — Interest reduction subsidies
N.Y. Priv. Hous. Fin. Law § 475
- Type
- Statute
- Source
- New York Private Housing Finance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 475. Interest reduction subsidies. Notwithstanding the provisions of any general, special or local law, a municipality, acting through an agency, is authorized to provide, or contract to provide, interest reduction subsidies for loans made by private investors to owners of one to four unit…
Citator
N.Y. Priv. Hous. Fin. Law § 475 — Interest reduction subsidies is in force in the current edition of the Code, and nothing recorded condemns it.
§ 475. Interest reduction subsidies. Notwithstanding the provisions of any general, special or local law, a municipality, acting through an agency, is authorized to provide, or contract to provide, interest reduction subsidies for loans made by private investors to owners of one to four unit existing private or multiple dwellings within its territorial limits, if such owners would have been eligible under the provisions of this article for a loan made by the municipality pursuant to this article.