Section 59-B. Affordable housing development account  


Latest version.
  • The affordable housing
      corporation created by section forty-five-b of this chapter shall create
      and  establish  a  special account to be known as the affordable housing
      development account and shall pay into such account any moneys which may
      be made available to such corporation for the purposes of  such  account
      from  any source including but not limited to moneys appropriated by and
      made available pursuant to appropriation by the state and any income  or
      interest  earned  by, or increment to, the account due to the investment
      thereof or loans made pursuant to article nineteen of this chapter.  The
      moneys held in or credited to the affordable housing development account
      established under this section shall be expended solely to carry out the
      provisions of article nineteen of this chapter.