Statute · New York Private Housing Finance Law
N.Y. Priv. Hous. Fin. Law § 557 — Supervision of certain housing companies
N.Y. Priv. Hous. Fin. Law § 557
- Type
- Statute
- Source
- New York Private Housing Finance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 557. Supervision of certain housing companies. The provisions of section thirteen of this chapter requiring the approval by the commissioner of housing of the persons incorporating a limited-profit housing company, and the provisions of section fourteen of this chapter requiring the consent of…
Citator
N.Y. Priv. Hous. Fin. Law § 557 — Supervision of certain housing companies is in force in the current edition of the Code, and nothing recorded condemns it.
§ 557. Supervision of certain housing companies. The provisions of section thirteen of this chapter requiring the approval by the commissioner of housing of the persons incorporating a limited-profit housing company, and the provisions of section fourteen of this chapter requiring the consent of the commissioner of housing to the filing of a certificate of incorporation of a limited-profit housing company in the office of the secretary of state and amendments thereof, shall not apply to a municipally-aided housing company organized for the purpose of purchasing or leasing a federally-aided project or municipally-aided project from a municipality or housing authority. The deed or lease shall, in such cases, make provision for the supervision of such companies by one or more state, federal or municipal agencies.