N.Y. Comp. Codes R. & Regs. tit. 21 § 2162.2
Current through Register Vol. 46, No. 50, December 11, 2024
Grant funds may be used only for the construction, rehabilitation or improvement of one- to four-family dwellings, including cooperatives and condominiums, which are or will be owner-occupied. Grant funds may be used for the acquisition of property only as part of projects and programs for the construction or rehabilitation of homes. Grant funds that do not exceed ten percent of the Total Development Cost may be used for administrative or operating expenses, including expenses related to the organization, operating support and administration of the project.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 2162.2