§ 351. Policy and purposes of article. It is hereby declared that the
provision of new and improved community senior citizens facilities is
necessary to care for the increasing number of persons who are in need
of programs and services for the aging. Such facilities should be
located close to the people they serve and should supplement the
programs and services provided for such persons by the office for the
aging pursuant to title one of article two of the elder law.

It is hereby further declared that non-profit corporations should be
created to construct, acquire, reconstruct, rehabilitate, own and
operate such facilities and that provision should be made for mortgage
loan participation by the New York state housing finance agency in order
to ensure that the full resources of the private enterprise sector of
the economy may be made available for this purpose; that there is a need
for public assistance to such corporations by the granting of tax
exemption; that it is the policy of the state to promote the provision
of senior citizens facilities by such non-profit corporations; and that
such provision is a public use and purpose.