New York § 82-A - 82-ARedevelopment loans
Full text of New York New York Consolidated Laws § 82-A — 82-ARedevelopment loans, with citation guidance and answers to common questions.
§ 82-A. 82-ARedevelopment loans
§ 82-a. Redevelopment loans. Notwithstanding any provision of section eighty-one or eighty-two of this article to the contrary, where a housing company undergoes a comprehensive redevelopment plan, the commissioner may approve a loan and encumbrance of such project in an amount in excess of actual cost of the project, provided that such amount represents cost of capital improvements, redevelopment or acquisition by a new owner, any consequent rent increase is not unduly burdensome to the tenants, and the housing company enters into an agreement to remain subject to the provisions of this article for a period of no less than fifteen years from issuance of the loan and encumbrance.
Frequently Asked Questions About New York § 82-A
What does New York Consolidated Laws § 82-A cover?
Section 82-A ("82-ARedevelopment loans") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 82-A?
A common citation format is "New York Consolidated Laws § 82-A" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 82-A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.