Enacts the housing development fund company fairness, preservation, and affordability act to clarify certain provisions relating to the dissolution and reincorporation of housing development fund companies; provides for tax exemptions and abatements for housing development fund companies.

Statutes affected:
A2707: 573 private housing finance law, 573(5) private housing finance law, 576 private housing finance law, 577-b private housing finance law, 577-b(1) private housing finance law
A2707A: 576 private housing finance law, 577-b private housing finance law, 577-b(1) private housing finance law
A2707B: 576 private housing finance law, 577-b private housing finance law, 577-b(1) private housing finance law