New York § 1261 Definitions

New York Statutes

§ 1261 — Definitions

New York § 1261

Law PVHPrivate Housing Finance

Art. 29Residential Emergency Services to Offer Home Repairs to the Elderly Program

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Bluebook

N.Y. Private Housing Finance § 1261 (2026).

Text

  § 1261. Definitions. As used in this article:\n  1. "Corporation" shall mean the housing trust fund corporation\nestablished in section forty-five-a of this chapter.\n  2. "Eligible applicant" shall mean a unit of local government or\nnot-for-profit corporation in existence for a period of one or more\nyears prior to application, which is, or will be at the time of award,\nincorporated under the not-for-profit corporation law and has been\nengaged primarily in housing and community development activities.\n  3. "Residential emergency services to offer home repairs to the\nelderly programs" shall mean a series of activities by an eligible\napplicant to administer funds to provide either loans or grants to\nhomeowners sixty years of age or older, with a household income of less\nthan one h

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§ 1261. Definitions. As used in this article:\n 1. "Corporation" shall mean the housing trust fund corporation\nestablished in section forty-five-a of this chapter.\n 2. "Eligible applicant" shall mean a unit of local government or\nnot-for-profit corporation in existence for a period of one or more\nyears prior to application, which is, or will be at the time of award,\nincorporated under the not-for-profit corporation law and has been\nengaged primarily in housing and community development activities.\n 3. "Residential emergency services to offer home repairs to the\nelderly programs" shall mean a series of activities by an eligible\napplicant to administer funds to provide either loans or grants to\nhomeowners sixty years of age or older, with a household income of less\nthan one hundred percent of the area median income, to oversee the\nadaptation or retrofitting of eligible properties.\n 4. "Eligible property" shall mean a housing unit that is the primary\nresidence of a person that is sixty years of age or older and have a\nhousehold income that does not exceed one hundred percent of the area\nmedian income.\n