State Codes and Statutes

Statutes > New-york > Pbg > Article-7 > 121

§  121.  Acquisition  after project approved.  When a project has been  approved, an authority may  purchase,  lease  or  condemn,  or  obligate  itself  to  purchase,  lease  or  condemn,  real property for a project.  Notwithstanding any other provisions of and in  addition  to  any  other  powers  granted  under  this  chapter, where all the dwelling units in a  building have been leased by an authority for occupancy  by  persons  or  families  of  low  income  in  accordance with the provisions of section  twenty-three of the  United  States  housing  act  of  nineteen  hundred  thirty-seven,  as  amended,  the prior approval by the local legislative  body of such leasing program shall constitute  all  necessary  approvals  under  this  chapter  for an authority to exercise an option to purchase  such real property.

State Codes and Statutes

Statutes > New-york > Pbg > Article-7 > 121

§  121.  Acquisition  after project approved.  When a project has been  approved, an authority may  purchase,  lease  or  condemn,  or  obligate  itself  to  purchase,  lease  or  condemn,  real property for a project.  Notwithstanding any other provisions of and in  addition  to  any  other  powers  granted  under  this  chapter, where all the dwelling units in a  building have been leased by an authority for occupancy  by  persons  or  families  of  low  income  in  accordance with the provisions of section  twenty-three of the  United  States  housing  act  of  nineteen  hundred  thirty-seven,  as  amended,  the prior approval by the local legislative  body of such leasing program shall constitute  all  necessary  approvals  under  this  chapter  for an authority to exercise an option to purchase  such real property.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pbg > Article-7 > 121

§  121.  Acquisition  after project approved.  When a project has been  approved, an authority may  purchase,  lease  or  condemn,  or  obligate  itself  to  purchase,  lease  or  condemn,  real property for a project.  Notwithstanding any other provisions of and in  addition  to  any  other  powers  granted  under  this  chapter, where all the dwelling units in a  building have been leased by an authority for occupancy  by  persons  or  families  of  low  income  in  accordance with the provisions of section  twenty-three of the  United  States  housing  act  of  nineteen  hundred  thirty-seven,  as  amended,  the prior approval by the local legislative  body of such leasing program shall constitute  all  necessary  approvals  under  this  chapter  for an authority to exercise an option to purchase  such real property.