2021 New York Laws
PVH - Private Housing Finance
Article 17 - Housing and Community Preservation in Rural Areas
1002 - Definitions.

§  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; 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.