N.Y. Private Housing Finance Law § 1121: Definitions

§ 1121. Definitions. For the purposes of this article:

1. "Agency" shall mean the New York state housing finance agency

created by section forty-three of this chapter.

2. "Cooperative project" or "project" shall mean any manufactured home

park property which, subsequent to receiving assistance under this

article, will be owned as a cooperative by the owners of the

manufactured homes situated therein.

3. "Eligible applicant" shall mean a manufactured home residents'

association representing a majority of the manufactured home residents,

a manufactured home park cooperative, a municipality, a housing

development fund company incorporated pursuant to article eleven of this

chapter, or any not-for-profit corporation or charitable organization

which has as one of its primary purposes the improvement of housing.

4. "Infrastructure improvement" shall mean the construction,

reconstruction, improvement, reconditioning, and preservation, including

the acquisition of real property and interests therein required or

expected to be required in connection therewith, of roads, bridges,

sewage and water collection and disposal systems, lighting districts,

sidewalks, and other capital projects which will benefit the cooperative

as a whole.

5. "Manufactured home park" shall mean a manufactured home park as

defined in section two hundred thirty-three of the real property law.

6. "Manufactured home park cooperative" shall mean a corporation or

other entity formed for the purpose of owning a manufactured home park

wherein the ownership of such shares, membership interest or certificate

of membership will entitle the owners or holders thereof to occupancy in

such park pursuant to section three hundred fifty-two-e of the general

business law.