Statute · New York Private Housing Finance Law
N.Y. Priv. Hous. Fin. Law § 507 — Condemnation certificate of commissioner
N.Y. Priv. Hous. Fin. Law § 507
- Type
- Statute
- Source
- New York Private Housing Finance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 507. Condemnation certificate of commissioner. The power of condemnation shall not be exercised by a housing company, except with the authorization of such action by the commissioner, which authorization shall be in the form of a certificate declaring that the acquisition of the property is…
Citator
N.Y. Priv. Hous. Fin. Law § 507 — Condemnation certificate of commissioner is in force in the current edition of the Code, and nothing recorded condemns it.
§ 507. Condemnation certificate of commissioner. The power of condemnation shall not be exercised by a housing company, except with the authorization of such action by the commissioner, which authorization shall be in the form of a certificate declaring that the acquisition of the property is necessary for the construction of a project and that the acquisition is in the public interest and necessary for the public use. Such certificate shall be issued only after a public hearing. The certificate shall state the nature of the interest to be acquired.