N.Y. Private Housing Finance Law § 921: Definitions

§ 921. Definitions. As used in this article:

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

housing and community renewal.

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

renewal.

3. "Eligible applicant" shall mean a not-for-profit corporation or

charitable organization, organized for a period of one or more years,

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 and has been engaged primarily in community preservation

activities.

4. "Municipality" shall mean any unit of local government within the

state with a population of more than twenty thousand persons.

5. "Neighborhood" shall mean an area within the municipality

identified by recognized or established boundaries consistent with a

determination of neighborhood eligibility under article sixteen of this

chapter.

6. "Urban initiatives projects" or "projects" shall mean a specific

work or series of works for the revitalization and improvement of a

neighborhood through creation, preservation or improvement of

residential housing units; preservation or improvement of local

commercial facilities and public facilities or other aspects of the area

environment which include as part of its project the creation,

preservation or improvement of residential housing units.

7. "Persons of low income" shall mean those persons and families whose

incomes do not exceed eighty percent of the median income for the

metropolitan statistical area in which a project is located.

8. "Corporation" shall mean the housing trust fund corporation

established in section forty-five-a of this chapter.

9. "Division urban initiatives program" shall mean the program

heretofore administered by the division pursuant to appropriations and

reappropriations for the purposes of urban initiatives programs.