N.Y. Comp. Codes R. & Regs. tit. 21 § 2172.2

Current through Register Vol. 46, No. 50, December 11, 2024

Section 2172.2 - Report requirements

The report shall include:

(a) the amount of each payment, loan or grant and the identity of recipients thereof;

(b) a narrative description of the specific activities performed by the grantee and the results thereof expressed in number of housing units;

(c) locations of homes;

(d) number of units in each category of homes completed during the year or in process and a cumulative statement of such information from the commencement of the project(s) or program to the reporting date;

(e) a report of the grantee's continued monitoring of construction progress and conditions for recapture of funds and, if applicable to the grantee's project(s) or program, for the limitation of the resale price of homes;

(f) a description of any problems encountered in advancing the project(s) or program, solutions developed to meet such problems, and whether any problems are currently outstanding;

(g) in the case of all grantees other than municipalities, an audited financial statement, prepared by an independent, certified public accountant, relating to the grantee's most recent fiscal year; if the grantee's fiscal year coincides with the calendar year, notwithstanding the provisions of section 2172.1 of this Part requiring the submission by December 15th, such statement must be submitted within 90 days after the close of the grantee's fiscal year; and

(h) a statement of costs (including expended and/or incurred costs) concerning the project(s) or program certified by the grantee and relating to the period covered by the report.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 2172.2