N.Y. Private Housing Finance Law § 1052: Definitions

§ 1052. Definitions. As used in this article:

(a) all terms defined in article seventeen of this chapter shall have

the same meanings herein as specified therein; and

(b) the following terms shall have the following meanings:

(1) "rural area revitalization project" means a specific work or

series of works for the revitalization and improvement of a region of

the rural area of the state through creation, preservation or

improvement of housing resources; creation, preservation or improvement

of local commercial facilities; restoration or improvement of public

facilities or other aspects of the area environment; related community

preservation or renewal activities; or any combination of the above.

(2) "qualified applicant" means a not-for-profit corporation under

contract pursuant to article seventeen of this chapter or any other

locally based organization which is either incorporated under the

not-for-profit corporation law (or such law together with any other

applicable law) or, if unincorporated, is not organized for the private

profit or benefit of its members.

(3) "Corporation" means the housing trust fund corporation established

in section forty-five-a of this chapter.