New York (State). Governor. Urban Development Corporation Task Force.

Governor Malcolm Wilson established the Urban Development Corporation Task Force in September 1974 in response to months of difficulties encountered by the UDC in acquiring the private investment funds needed for its operating expenses.

Governor Wilson charged the Task Force to: review the operation, financial structure, and extent and nature of the projects and obligations of the UDC; and make recommendations regarding the role of the state in strengthening the capacity of the UDC to carry out its housing and community development programs and assuring that it continues to obtain necessary financing from private investors.

The Task Force held five formal meetings to receive and review information about the UDC, to hear testimony of the Chairman and President of the UDC, and to formulate its findings and recommendations. The Task Force organized its study and presented its findings in several major areas: status of UDC's programs; management and operations of the UDC; UDC's financial status; evaluation of UDC projects; status of UDC's project commitments; and considerations regarding future UDC programs.

The Task Force submitted its report to the Governor and Legislature on December 26, 1974.