La. Admin. Code tit. 16 § I-301
Act-Chapter 3-A of Title 40 of the Louisiana Revised Statutes of 1950, as amended.
Adjusted Family Income-the gross annual income, from all sources and before taxes or withholding, of all members of a family living in a dwelling unit or housing unit, after deducting the following: unusual or temporary income of any family member, $1,000 for each family member, earnings of any family member who is a minor under 18 years of age or who is physically or mentally handicapped and the lesser of $5,000 or 10 percent of such gross annual income.
Agency-the Louisiana Housing Finance Agency created by the Act.
Agreement-the sale and service agreement, in the case of the agency's insured mortgage loan purchase program, or the lender agreement, in the case of the agency's loans to lenders program.
Applicant-a corporation, partnership, joint venture, trust, individual, public body or agency or other entity, making application to receive agency moneys or services under the Act.
Application-a request for agency assistance under the Act made on forms furnished by the agency and containing such information as the executive director requires.
Executive Director-the executive director employed by the agency who is the chief administrative officer of the agency.
Family-
a. a person who is physically or mentally handicapped;
b. a person who is 62 or more years of age;
c. two or more persons living together not contrary to law; and
d. a single person who is neither handicapped nor 62 or more years of age.
Feasible Housing Project-a proposed housing project as to which the agency has made a determination that such project can reasonably be expected to be successfully constructed on the proposed site within cost limitations acceptable to the agency and can reasonably be expected to be operated in a fiscally sound manner.
Housing Unit-living accommodations intended for occupancy by a single family (1-4 units) and which will be owned by the occupant thereof.
La. Admin. Code tit. 16, § I-301