N.Y. Comp. Codes R. & Regs. tit. 9 § 6404.3

Current through Register Vol. 46, No. 50, December 11, 2024

Section 6404.3 - Eligibility

(a) An organization shall be eligible to apply for financial assistance if it:

(1) is a current applicant to the council for funding under one or more of the council's other funding programs;

(2) has received funding from the council in each of the prior three State fiscal years;

(3) is not approved for financing for the project from any other State assistance program during the current fiscal year in which the application is made; and

(4) can demonstrate:

(i) ownership of a condominium, a building or part of a building;

(ii) ownership of shares representing a cooperative interest in a building;

(iii) possession of a lease-purchase interest in a building or part of a building; or

(iv) possession of a lease in a building or part thereof having an unexpired term of five years or an unexpired term of three years with an option to renew such lease for an additional term of two years or more.

(b) No organization shall be eligible to receive financial assistance for more than three years in any consecutive five-year period.

(c) Applications of eligible public universities, their components and affiliate organizations shall not be considered by the council prior to December 31st in any State fiscal year.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 6404.3