N.Y. PBG Law § 210

§ 210. Policy and purposes of article. It is hereby declared that\nthere exists in municipalities in this state a seriously inadequate\nsupply of safe and sanitary dwelling accommodations for persons and\nfamilies of low income; that such shortage constitutes an emergency and\na grave menace to the health, safety, morals, welfare and comfort of\ncitizens of this state; that there exists in such municipalities a large\nnumber of multiple dwellings which are inadequate, unsafe or insanitary\nby reason of the absence of proper heating facilities or by reason of\nthe necessity for elimination of conditions dangerous to human life or\ndetrimental to health, including nuisances as defined, in section three\nhundred nine of the multiple dwelling law, or for other rehabilitation\nor improvement and which can be made adequate, safe and sanitary, by the\ninstallation of proper heating facilities or by other rehabilitation or\nimprovement or by the elimination of such conditions; that such\ninstallation, rehabilitation or improvement cannot readily be provided\nby the ordinary unaided operation of private enterprise for occupancy by\npersons or families of low income without public aid in the form of low\ninterest loans to owners of such multiple dwellings for the purpose of\nsuch installation, rehabilitation or improvement; that the installation\nof proper heating facilities in such multiple dwellings or other\nrehabilitation or improvement thereof for occupancy by persons of low\nincome as defined in this article is a public use and a public purpose\nfor which public money may be loaned; that such conditions require the\nprovisions hereinafter enacted; and the necessity in the public interest\nfor the provisions hereinafter enacted is hereby declared as a matter of\nlegislative determination.\n