§ 1230. Statement of legislative findings and purpose. The legislature
finds and declares that there exists in New York state a serious need to
assist communities with the creation and improvement of affordable
housing, and the commercial, retail and community facilities related to
mixed use affordable residential developments. Locally based
not-for-profit organizations play a significant role in addressing the
unique characteristics of rural and urban communities. Partnerships,
alliances and collaborations with corporate entities, to the extent
practicable, will foster cross-sector collaboration in order to build a
diverse community support system. The legislature finds that, in both
rural and urban areas of the state, a program should be established to
fund the creation, preservation and/or improvement of affordable
housing; or the creation, preservation or improvement of the commercial,
retail or community facilities component of mixed use affordable
residential developments.