N.Y. Priv. Hous. Fin. Law § 1131

Current through 2024 NY Law Chapter 457

Section 1131 - Definitions

1. "Eligible applicant" shall mean a public benefit corporation, not-for-profit corporation or charitable organization whose purpose includes the construction or rehabilitation of affordable housing or a municipality.

2. "Infrastructure improvements" shall mean the installation or upgrading of water and sewer lines to a public connection, the installation or upgrading of private wells and sanitary systems, storm sewers and road and sidewalk construction where required by local zoning ordinances and the installation of gas and electric lines and other site improvements or site preparation which is necessary for the creation of affordable housing.

3. "Affordable housing project" shall mean residential housing being rehabilitated or constructed in conjunction with a state, federal or local program to produce affordable housing.

4. "Agency" shall mean the New York state housing finance agency.

5. "Municipality" shall mean a county, city, town or village.

N.Y. Priv. Hous. Fin. Law § 1131