N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1729-1.3

Current through Register Vol. 46, No. 36, September 4, 2024

Section 1729-1.3 - Self-managed housing companies

(a) The division may at any time request that a self-managed housing company submit the following for division review:

(1) the names, titles, job descriptions, qualifications of the staff who will manage the project and the prospective salaries of those staff who are paid directly in whole or in part with housing company funds;

(2) the site manager's certification by an organization which certifies property managers;

(3) an organization plan to set forth lines of responsibility and authority;

(4) an operational plan to administer functions which include marketing (selling or renting), physical maintenance, financial administration, resident relations and general administration;

(5) an affirmative action plan to ensure that employees are recruited, selected and retained in such a manner as to ensure equal employment opportunities and to require the housing company to make all reasonable efforts to solicit bids from minority- and women-owned business enterprises, for services and/or purchases to be contracted for on behalf of the housing company and to make certain such bids receive full and fair consideration;

(6) a representation to comply with the Private Housing Finance Law and Part 1700 of this Title.

(b) If the housing company determines that it seeks to change from employment of a managing agent to self management, it must submit a management plan comprising all of the requirements in subdivision (a) of this section for division review and approval.

(c) The housing company shall carry out all required management functions specified in this Subpart.

(d) Housing companies shall be evaluated periodically by the division and shall be subject to any and/or all of the remedies authorized by the provisions of the Private Housing Finance Law and these regulations.

(e) The evaluations may examine all aspects of the housing company's performance of functions specified in this Subpart and the division standards promulgated pursuant thereto.

N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1729-1.3