Statute · New York Private Housing Finance Law
N.Y. Priv. Hous. Fin. Law § 59-b — Affordable housing development account
N.Y. Priv. Hous. Fin. Law § 59-b
- Type
- Statute
- Source
- New York Private Housing Finance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 59-b. Affordable housing development account. The affordable housing corporation created by section forty-five-b of this chapter shall create and establish a special account to be known as the affordable housing development account and shall pay into such account any moneys which may be made…
Citator
N.Y. Priv. Hous. Fin. Law § 59-b — Affordable housing development account is in force in the current edition of the Code, and nothing recorded condemns it.
§ 59-b. Affordable housing development account. The affordable housing corporation created by section forty-five-b of this chapter shall create and establish a special account to be known as the affordable housing development account and shall pay into such account any moneys which may be made available to such corporation for the purposes of such account from any source including but not limited to moneys appropriated by and made available pursuant to appropriation by the state and any income or interest earned by, or increment to, the account due to the investment thereof or loans made pursuant to article nineteen of this chapter. The moneys held in or credited to the affordable housing development account established under this section shall be expended solely to carry out the provisions of article nineteen of this chapter.