ยง 1261. Definitions. As used in this article:
1. "Corporation" shall mean the housing trust fund corporation
established in section forty-five-a of this chapter.
2. "Eligible applicant" shall mean a unit of local government or
not-for-profit corporation in existence for a period of one or more
years prior to application, which is, or will be at the time of award,
incorporated under the not-for-profit corporation law and has been
engaged primarily in housing and community development activities.
3. "Residential emergency services to offer home repairs to the
elderly programs" shall mean a series of activities by an eligible
applicant to administer funds to provide either loans or grants to
homeowners sixty years of age or older, with a household income of less
than one hundred percent of the area median income, to oversee the
adaptation or retrofitting of eligible properties.
4. "Eligible property" shall mean a housing unit that is the primary
residence of a person that is sixty years of age or older and have a
household income that does not exceed one hundred percent of the area
median income.
Structure New York Laws