New York regulations
Title 9 Part 2605
Executive Department
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9 NYCRR 2605.1 - Contracts
No later Register activity identified in this check.
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)Neighborhood preservation companies' contracts shall:
(1)be for a period of one year, but may be renewed or extended at the discretion of the commissioner;
(2)define the neighborhood or portion thereof within which the neighborhood preservation activities shall be performed;
(3)include the following items:
(i)general goals in effecting neighborhood preservation, stabilization or improvement;
(ii)quantified measurable objectives to be accomplished by the completion of the activities proposed in the work plan;
(iii)financial plan, including budget specifying the use of funds from the division, other financial resources, including the one-third match requirement and staffing pattern; and
(iv)a plan for securing funds from other sources, for administrative and planning costs.
(b)Contracts shall be limited in amount to the sum of one hundred thousand dollars in a single year and to the aggregate sum of $650,000 for a single neighborhood preservation company, provided that in any year in which the aggregate sum of $300,000 shall have been reached and all succeeding years, the annual contract amount shall be subject to a limit of $65,000 per year.
9 NYCRR 2605.2 - Program funds
No later Register activity identified in this check.
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)The program funds shall be for administrative and planning expenses related to neighborhood preservation activities conducted by the company, including:
(1)payment of salaries and wages to employees engaged in neighborhood preservation activities;
(2)fees to consultants retained for neighborhood preservation activities; and
(3)other costs and expenses directly related to such employees and consultants, including office rentals, office equipment, fringe benefits and office expenses.
(b)In no event shall contract funds be used to defray the costs of construction, repair, renovation, rehabilitation, operation, demolition, clearance or sealing of any building or other structure, except that such funds may be used for planning any such activity and for preparing, furnishing, equipping and operating an office facility to be used in connection with the neighborhood preservation activities by the company. In such instances the company shall, to the greatest extent possible, make every effort to provide contracting and purchasing opportunities to minority- and women-owned business enterprises as defined under article 9 of Executive Order No. 21, issued August 4, 1983.
(c)The neighborhood preservation company shall refrain from engaging any activities promoting any political candidate or party.
(d)The neighborhood preservation company shall not expend any program funds in activities engaged in for the purpose of attempting to influence the passage or defeat of any legislation by either house of the State Legislature. Notwithstanding the provisions of this subdivision, nothing shall prohibit the company from expending program funds for the following activities:
(1)the preparation or submission of responses to requests for information or comments by the State Legislature concerning the company's activities, or the condition, population, or needs of the company's neighborhood, as such terms are defined in Part 2602 of this Title; or
(2)the preparation and dissemination of housing information to the general public.
(e)The neighborhood preservation company shall not enter into any contract, lease or other agreement whose terms or effect commit the use of program funds for a period of time in excess of the term of the program-funding contract.
(f)Payments shall be made by the division to the neighborhood preservation company not less frequently than quarterly to compensate such company for administering the neighborhood preservation activities. Prior to payment, however, the division shall have received all financial statements, progress reports and other documentation as may be required. The division may withhold payments if said documentation is not acceptable; the division may continue to withhold payments until such documentation is deemed to be acceptable.
(g)The company shall maintain accurate records of all financial transactions which relate to the performance of the contract, in accordance with generally accepted accounting principles, and make these records available to the division on request.
9 NYCRR 2605.3 - Housing trust fund and affordable housing programs
No later Register activity identified in this check.
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 company performing rehabilitation or home improvement activities or new construction under the low income housing trust fund program or the affordable housing program shall receive assistance equal to three percent of the amount payable to such company by the housing trust fund corporation or the affordable housing corporation. This assistance shall be for administrative expenses or neighborhood preservation activities related to such rehabilitation, home improvement or new construction. It shall not be subject to the limitation on the amount of funds a company may receive annually or in the aggregate under the neighborhood preservation companies program, but shall be limited to a maximum of $40,000 for each project under the housing trust fund program or the affordable housing program.