We think we know…

The State budget… is it done? We think housing was part of a three way agreement and not subject to change, but we know anything can happen!  From the budget bill:

35  RURAL PRESERVATION PROGRAM …………………………….. 3,813,000

36                                                            ————–

37    General Fund / Aid to Localities

38    Local Assistance Account – 001

39  For  carrying  out the provisions of article

40    XVII of the private housing  finance  law.

41    No  funds  shall  be  expended  from  this

42    appropriation until the  director  of  the

634                        12603-12-0

DIVISION OF HOUSING AND COMMUNITY RENEWAL

STATE OPERATIONS AND AID TO LOCALITIES   2010-11

1    budget   has   approved  a  spending  plan

2    submitted by the division of  housing  and

3    community  renewal  in  such detail as the

4    director of the budget may require ……….. 3,539,000

5  For additional assistance carrying  out  the

6    provisions  of  article XVI of the private

7    housing finance law ………………………. 274,000

8                                              ————–

9      Program account subtotal ………………. 3,813,000

10                                              ————–

35  RURAL PRESERVATION PROGRAM …………………………….. 3,813,000

36                                                            ————–

37    General Fund / Aid to Localities

38    Local Assistance Account – 001

39  For  carrying  out the provisions of article

40    XVII of the private housing  finance  law.

41    No  funds  shall  be  expended  from  this

42    appropriation until the  director  of  the

634                        12603-12-0

DIVISION OF HOUSING AND COMMUNITY RENEWAL

STATE OPERATIONS AND AID TO LOCALITIES   2010-11

1    budget   has   approved  a  spending  plan

2    submitted by the division of  housing  and

3    community  renewal  in  such detail as the

4    director of the budget may require ……….. 3,539,000

5  For additional assistance carrying  out  the

6    provisions  of  article XVI of the private

7    housing finance law ………………………. 274,000

8                                              ————–

9      Program account subtotal ………………. 3,813,000

10                                              ————–

11  RURAL RENTAL ASSISTANCE PROGRAM ……………………….. 14,802,000

12                                                            ————–

13    General Fund / Aid to Localities

14    Local Assistance Account – 001

15  For carrying out the provisions  of  article

16    XVII-A  of the private housing finance law

17    in relation  to  providing  assistance  to

18    sponsors  of  housing  for  persons of low

19    income.

20  Notwithstanding any other provision of  law,

21    such funds may be used by the commissioner

22    of   housing   and  community  renewal  in

23    support of contracts scheduled  to  expire

24    in  2010-11  for  as many as 10 additional

25    years; in support  of  contracts  for  new

26    eligible  projects  for  a  period  not to

27    exceed  5  years;  and   in   support   of

28    contracts  which reach their 25 year maxi-

29    mum in and/or  prior  to  2010-11  for  an

30    additional one year period.

31  Notwithstanding  any  other rule, regulation

32    or law, moneys hereby appropriated are  to

33    be available for payment of contract obli-

34    gations heretofore accrued or hereafter to

35    accrue  and are subject to the approval of

36    the director of the budget ……………… 14,802,000

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