Albany, NY – September 6, 2013 – (RealEstateRama) — Governor Andrew M. Cuomo today announced proposed Slumlord Prevention Guidelines (SPG) for bank lending to help protect tenants, strengthen communities, and promote sustainable, long-term investments in rental housing. The guidelines include new Community Reinvestment Act (CRA) regulations from the Department of Financial Services (DFS) that incentivize banks to lend to landlords who are committed to the long-term health of a community – instead of quick-buck artist slumlords who let buildings fall into disrepair.
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