N.Y. PVH Law § 351

§ 351. Policy and purposes of article. It is hereby declared that the\nprovision of new and improved community senior citizens facilities is\nnecessary to care for the increasing number of persons who are in need\nof programs and services for the aging. Such facilities should be\nlocated close to the people they serve and should supplement the\nprograms and services provided for such persons by the office for the\naging pursuant to title one of article two of the elder law.\n It is hereby further declared that non-profit corporations should be\ncreated to construct, acquire, reconstruct, rehabilitate, own and\noperate such facilities and that provision should be made for mortgage\nloan participation by the New York state housing finance agency in order\nto ensure that the full resources of the private enterprise sector of\nthe economy may be made available for this purpose; that there is a need\nfor public assistance to such corporations by the granting of tax\nexemption; that it is the policy of the state to promote the provision\nof senior citizens facilities by such non-profit corporations; and that\nsuch provision is a public use and purpose.\n