Section 908. Applicability of other laws to neighborhood preservation companies

Nothing contained  in  this  article  shall  be  deemed  or
  construed  to  prevent  or deny to any neighborhood preservation company
  the opportunity to qualify as  a  developer,  sponsor,  owner  or  other
  participant  in  accordance  with  the provisions of any article of this
  chapter, or pursuant to any other law of the state or  to  deny  to  any
  such  company  the  privileges  or immunities of any other provisions of
  this chapter or other  law,  nor  shall  any  neighborhood  preservation
  company  be precluded from organizing or causing to be organized or from
  acquiring any  other  corporation  for  the  purpose  of  conducting  or
  carrying  out  any  project, program or service authorized by any law of
  the state.