Expands documentation requirements for limited-profit housing companies in New York.

Expands documentation requirements for limited-profit housing companies when providing information to the commissioner of housing and any relevant supervising agency. Requires companies to file semi-annual or quarterly financial statements and an annual financial statement accompanied by a certificate from an independent certified public accountant. The annual financial statement must include records of service contracts, invoices, reimbursement claims, reserve funding, staff salaries, rent collected, and books of incorporated companies.

Expands documentation requirements for limited-profit housing companies in New York.

Expands documentation requirements for limited-profit housing companies when providing information to the commissioner of housing and any relevant supervising agency. Requires companies to file semi-annual or quarterly financial statements and an annual financial statement accompanied by a certificate from an independent certified public accountant. The annual financial statement must include records of service contracts, invoices, reimbursement claims, reserve funding, staff salaries, rent collected, and books of incorporated companies.