N.Y. Private Housing Finance Law 805 – Participation of New York city housing development corporation
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§ 805. Participation of New York city housing development corporation. The New York city housing development corporation may participate with one or more private investors or with the city of New York or with both in making a loan pursuant to the provisions of this article. Where such corporation participates in making such a loan, the term municipality as used in this article shall include such corporation with respect to such participation.
Terms Used In N.Y. Private Housing Finance Law 805
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.