21 CRR-NY 2164.3NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 21. MISCELLANEOUS
CHAPTER XXXV. NEW YORK STATE HOUSING FINANCE AGENCY
SUBCHAPTER B. AFFORDABLE HOME OWNERSHIP DEVELOPMENT PROGRAM
PART 2164. APPLICATIONS
21 CRR-NY 2164.3
21 CRR-NY 2164.3
2164.3 Statement of need.
The application must include a description of the problem to be addressed which will include:
(a) Evidence of the designation, if any, pursuant to any Federal, State or local law, rules or regulations or pursuant to any action by a municipality of the project or program area as blighted, deteriorated or deteriorating or as having a blighting influence on the surrounding area or as being in danger of becoming a slum or blighted area.
(b) A description of project or program area demographics, including levels of income of the residents and problems in achieving affordable home ownership.
(c) A description of the housing stock in the project area, its age and condition, vacant buildings (both residential and nonresidential), vacant or underutilized land, and other information relevant to the project or program.
(d) A description of the services available to the project area (i.e., shopping, schools, health care, public transportation, etc.).
(e) Data on the extent of public or private investment in housing and other community development activities within the project or program area, including evidence as to whether or not the requested assistance is necessary to protect earlier or ongoing public investment in the area.
21 CRR-NY 2164.3
Current through May 31, 2021
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