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Its mission is to expand affordable housing opportunities for low- and moderate-income New Yorkers. HCR consists of several state agencies and corporations: the New York State Division of Housing and Community Renewal (DHCR), the New York State Housing Finance Agency (HFA), the State of New York Mortgage Agency (SONYMA).
The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
The New York State Public Authorities Control Board is composed of five members, appointed by the Governor, some upon the recommendation of members of the Legislature.The five members of PACB are appointed by the Governor to serve one-year terms, with one member representing the Governor and acting as the chairperson.
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
The failure of Lombard-Wall prompted a re-examination of cash management by New York state agencies. [6] A report later that year from the state Commission of Investigation called for the removal of two DASNY board members who, according to the commission, withheld damaging information about the risky investments from other board members.
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A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...
A certificate of public convenience and necessity or certificate of public convenience is a type of regulatory compliance certification for public service industries. Private companies wishing to provide essential public services in certain countries must be granted a CPCN before constructing facilities and offering services.