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This entry was published on 2021-12-24
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SECTION 1002
Definitions
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 17
§ 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.