Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 19
§ 1111. Definitions. 1. "Home" shall mean a one to four family
dwelling which has at least one owner occupant or an owner occupied unit
in a cooperative or a condominium.

2. "Eligible applicant" shall mean a city, a town, a village, a
housing development fund company incorporated pursuant to article eleven
of this chapter, any not-for-profit corporation or charitable
organization which has as one of its primary purposes the improvement of
housing or a municipal housing authority created pursuant to the public
housing law, or a public benefit corporation formed to assist particular
municipalities with their housing, community development or renewal
needs, or a county, provided, however, that the county acts as an
administrator of a program under which projects are constructed,
rehabilitated or improved by other eligible applicants or acts in any
other capacity as permitted by law.

3. "Grantee" shall mean an eligible applicant which operates a program
of financial assistance pursuant to this article.

4. "Owner" shall mean an individual who owns or agrees to purchase a
home assisted under this program and to occupy it as his principal place
of residence or a partnership, corporation or other entity which will
build or rehabilitate vacant properties for sale to home buyers.

5. "Home buyers" shall mean individuals or households for whom there
are no other reasonable and affordable homeownership, rehabilitation or
home improvement alternatives, as the case may be, in the private
market, as determined by the grantee and who shall occupy a home
assisted under this article as their principal place of residence.

6. "Rehabilitation" or "home improvement" shall mean all work
necessary to bring a structure into compliance with all applicable laws
and regulations including but not limited to the installation,
replacement or repair of heating, plumbing, electrical and related
systems and the elimination of all hazardous and immediately hazardous
violations in the structure in accordance with state and local laws and
regulations of state and local agencies. Rehabilitation or home
improvement may also include reconstruction or work to improve the
habitability or prolong the useful life of residential property.

7. "Corporation" shall mean the affordable housing corporation created
by section forty-five-b of this chapter.

8. "Affordable home ownership development programs" or "Project" shall
mean the rehabilitation, improvement, construction or acquisition,
singly or in combination, of one or more homes.