New York Consolidated Laws

N.Y. Private Housing Finance Law § 215 (2026)

Methods of acquisition of real property

✓ current as of May 2026
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§ 215. Methods of acquisition of real property. 1. A redevelopment
corporation may:
  (a) Whether before or after the certificates of approval of its
development plan required by section two hundred three of this article
have been issued, acquire real property or secure options in its own
name or in the name of nominees to acquire real property, by gift,
grant, lease, purchase or otherwise, or awards in condemnation made or
to be made therefor;
  (b) After a certificate of approval of condemnation with respect to
the real property in question has been issued pursuant to section two
hundred sixteen of this article, acquire all or any portion of the real
property included in such certificate of approval of condemnation not
already under contracts of sale or option to it, by condemnation in the
manner provided by the condemnation law, with such departures therefrom
as are provided in this article.
  2. A city may, upon request by a redevelopment corporation, and after
a certificate of approval of condemnation with respect to the real
property in question has been issued pursuant to section two hundred
sixteen of this article, acquire, or obligate itself to acquire, for
such redevelopment corporation any real property included in such
certificate of approval of condemnation, by gift, grant, lease,
purchase, condemnation, or otherwise, according to the provisions of any
appropriate general, special or local law applicable to the acquisition
of real property by the city. Real property acquired by a city for a
redevelopment corporation shall be conveyed by such city to the
redevelopment corporation upon payment to the city of all sums expended
or required to be expended by the city in the acquisition of such real
property.
  3. The provisions of this article with respect to the condemnation of
real property by or for a redevelopment corporation or by a city for a
redevelopment corporation shall prevail over the provisions of any other
general, special or local law.
Notes of Decisions
Cited in 1 case, 2001–2001 · leading case: Westchester Creek Corp. v. New York City Sch. Constr. Auth., 286 A.D.2d 154 (N.Y. App. Div. 2001).
Westchester Creek Corp. v. New York City Sch. Constr. Auth., 286 A.D.2d 154 (N.Y. App. Div. 2001). “Rather, it argues that provisions of the General Municipal Law and the Private Housing Finance Law suggest that the powers of condemnation given for urban renewal “prevail over all other general, special and local law” (Private Housing Finance Law § 215 [3]).”
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