New York Consolidated Laws, Private Housing Finance Law - PVH § 1261. Definitions

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.