§ 1005. Enforcement of standards for contract performance. 1. The
division shall by regulation provide for formal evaluation of the
performance of a corporation to determine its progress in achieving the
objectives outlined in the annual housing preservation and community
renewal plan contained in its contract with the division. Such
evaluation shall include a review of the efforts of the corporation to
execute each of the components of its plan and a consultation between
the corporation and the division regarding the findings of the division
relative to performance. The division shall provide or cause to be
provided technical assistance determined to be necessary by the division
to improve the ability of the corporation to execute each of the
components of its plan. Such evaluation and determination of the need
for technical assistance shall consider the financial and staff
resources of the corporation for the period evaluated and any special
considerations which may have had an impact on performance during the
period.

2. If the division determines that a corporation has not made
sufficient progress toward achieving the objectives of its annual
housing preservation and community renewal plan the division shall
conduct a site visit to review these findings and, if warranted, shall
place the corporation on probation.

3. The division shall terminate or not renew or not extend a contract
in accordance with provisions of subdivision seven of section one
thousand three of this article if the commissioner determines that the
performance of a corporation is not sufficient to merit continued
participation in the program.

4. Notwithstanding the foregoing, the commissioner may terminate any
contract upon a finding of substantial non-compliance or other
substantial breach of the contract.