Makes certain powers of the New York state housing finance agency permanent.
The bill amends various sections of the public authorities law and other related laws to make certain powers of the New York state housing finance agency permanent. It specifies income limits for mortgages financed by the agency and sets conditions for the issuance of bonds and notes. The changes are set to take effect immediately and remain in force until July 23, 2027, after which the provisions will revert to their prior status.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.