N.Y. Private Housing Finance Law § 1002: Definitions

§ 1002. Definitions. As used in this article, the following terms

shall have the following meanings:

1. "Commissioner" shall mean the commissioner of the state division of

housing and community renewal.

2. "Division" shall mean the state division of housing and community

renewal.

3. "Rural area of the state" shall mean cities, towns and villages

having a population of less than twenty-five thousand.

4. "Region" shall mean those portions of the rural area of the state,

as specified in the contract entered into pursuant to this article,

within which housing and community renewal activities funded in part

pursuant to this article are to be carried out.

5. "Housing preservation and community renewal activities" include (a)

the new construction or the acquisition, maintenance, preservation,

repair, rehabilitation or other improvement of vacant or occupied

housing accommodations; demolition or sealing of vacant structures where

necessary or appropriate; disposition of housing accommodations to

present or potential occupants or co-operative organizations; training

or other forms of assistance to occupants of housing accommodations;

administration of landlord training classes; and management of housing

accommodations as agent for the owners, receivers, administrators or

municipalities; (b) activities, similar to those specified in paragraph

(a) of this subdivision, aimed at accomplishing similar purposes and

meeting similar needs with respect to retail and service establishments

within a region when carried out in connection with and incidental to a

program of housing related activities.

6. "Persons of low income" shall mean individuals and families whose

annual incomes do not exceed ninety per cent of the median annual income

for all residents of the region within which they reside or a larger

area encompassing such region for which median annual income can be

determined.

7. "Merged corporation" shall mean a not-for-profit corporation

maintaining a contract pursuant to section one thousand three of this

article that has undergone a merger with one or more other

not-for-profit corporation, which is also maintaining a contract

pursuant to section one thousand three of this article, that has led the

merged corporations to reduce the number of contracts being maintained

with the division pursuant to section one thousand three of this article

to a total of one.

8. "Unmerged corporation" shall mean a not-for-profit corporation that

is not a merged corporation.