N.Y. Comp. Codes R. & Regs. tit. 9 § 2620.4

Current through Register Vol. 46, No. 53, December 31, 2024

Section 2620.4 - Neighborhood eligibility

(a) Geographical identification. The area within which the applicant proposes to undertake the proposed project must be defined by precise boundaries and be a recognized or an established neighborhood in the municipality, consistent with the determination of eligible neighborhood under article XVI of the Private Housing Finance Law.

(b) Neighborhood condition.

(1) Relevant, current, and verifiable data, including, but not limited to, the most recent census data, pertaining to the neighborhood must demonstrate the neighborhood has sustained physical deterioration, decay, neglect, or disinvestment.

(2) The neighborhood must contain a significant number of deteriorating or substandard buildings not being adequately repaired, renovated, upgraded, modernized, or rehabilitated under existing programs to provide sound housing, and retail and service establishments which are affordable to the residents and local business persons of such neighborhoods, respectively.

(c) Neighborhood population. A substantial proportion of the residential population of the neighborhood must be persons of low income, and may include special population groups with unmet housing needs.

(d) Neighborhood need. The neighborhood must be in need of active intervention to effect its preservation, stabilization, or improvement.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 2620.4