New York regulations

Title 9 Part 1900

Executive Department

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3 sections1 source-only entry

Compiled text through Sep 15, 2021Register checked through July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)

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9 NYCRR 1900.1 - Purposes

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Executive Department
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Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
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Jun 6, 2026

The regulations in this Part implement the provisions of article XVIII of the Private Housing Finance Law (the act). The act establishes a program to provide funds for eligible applicants to rehabilitate vacant and underutilized residential properties, to convert nonresidential properties to residential properties and to construct new housing to promote the preservation and creation of affordable housing for persons of low income.

9 NYCRR 1900.2 - Introduction

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Dates and status
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Executive Department
Text status
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Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
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Jun 6, 2026
(a)The act creates a public benefit corporation, to be known as the Housing Trust Fund Corporation (the corporation), to administer the Low Income Housing Trust Fund Program.
(b)Four types of projects are eligible for assistance under this Part: homesteading, cooperatives, condominiums and rental projects.
(c)The Housing Trust Fund Corporation shall refer any application for payments, grants or loans from persons of low income to other eligible applicants who are not persons of low income in the area in which such low income persons reside.
(d)In addition to the eligibility of the applicants and proposed projects, the act and these regulations establish certain requirements with respect to the selection of tenants and/or owners subsequent to construction, rehabilitation or conversion, and the rental or resale of projects assisted under this Part for periods set forth herein.

9 NYCRR 1900.3 - Definitions

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Dates and status
Compiling agency
Executive Department
Text status
Source-only entry
Compiled text through
Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
Activity status
No later Register activity identified in this check.
Source snapshot
Jun 6, 2026

9 NYCRR 1900.4 - Housing trust funds

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Dates and status
Compiling agency
Executive Department
Text status
Source receipt
Compiled text through
Sep 15, 2021
Register checked through
July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
Activity status
No later Register activity identified in this check.
Source snapshot
Jun 6, 2026
(a)Payments, grants or loans shall be used solely to pay for the actual and necessary cost to construct, rehabilitate or convert a project.
(b)No more than 50 percent of the total amount of funds originally appropriated in a single fiscal year to the corporation shall be allocated to projects within a single municipality.
(c)No more than one third of the total amount of funds originally appropriated in a single fiscal year to the corporation shall be allocated to:
(1)private developers for projects within a city with a population of one million or more; and
(2)private developers for projects outside cities with a population of one million or more.
(d)The term of any loan made hereunder shall not exceed 30 years.
(e)Payments, grants or loans hereunder shall not exceed a total of $55,000 per dwelling unit. The corporation may, in its discretion, provide a payment, loan or grant in excess of $55,000 but not in excess of $75,000. A payment grant or loan may also be made from the High Cost Areas Demonstration Account pursuant to section 1904.2(c) of this Title, subject to the $75,000 limit.

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