N.Y. Private Housing Finance Law 1203 – Report
* § 1203. Report. 1. The division of housing and community renewal shall issue an annual report on the access to home programs regarding certain data and program progress for the previous year, provided that reporting on paragraphs (e), (f) and (g) of this subdivision shall relate to contracts that have concluded in the previous year, as applicable. Such report shall include, but not be limited to:
Terms Used In N.Y. Private Housing Finance Law 1203
- Contract: A legal written agreement that becomes binding when signed.
- programs: shall mean a series of activities by an eligible applicant to administer funds to provide either loans or grants to homeowners and renters and to oversee the adaptation or retrofitting of eligible properties. See N.Y. Private Housing Finance Law 1201
(a) the number of received applications to become local administrators;
(b) the number of applications to become local administrators selected for award and contract;
(c) the amount of funding awarded to local administrators;
(d) the geographic area to be served by local administrators;
(e) the number of beneficiaries awarded;
(f) the average award to beneficiaries; and
(g) the number of potential beneficiaries who applied for an award and were deemed ineligible for such award.
2. Such report required pursuant to subdivision one of this section shall be posted and made publicly available on the division of housing and community renewal's website in a clear and conspicuous manner.
* NB Effective May 15, 2024