2016 New York Laws
PVH - Private Housing Finance
Article 19 - (Private Housing Finance) AFFORDABLE HOME OWNERSHIP DEVELOPMENT PROGRAM
1111 - Definitions.

  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.