NY Priv Hous Fin L § 352 (2021)
2021 New York Laws PVH - Private Housing Finance Article 7-A - Community Senior Citizens Centers and Services Companies 352 - Definitions.

§  352.  Definitions.  As used in this article the following words and   phrases shall have the following meanings unless a different meaning  is   plainly required by the context:1.  "Company",  or  "community  senior  citizens  centers and services   company". A company, duly incorporated pursuant to the provisions of the   not-for-profit corporation law and this  article,  for  the  purpose  of   providing  centers  for  the  aging,  and  such  facilities  as  may  be   incidental or appurtenant thereto.2. "Project"  or  "community  senior  citizens  services  project".  A   specific  work or improvement, including lands, buildings, improvements,   fixtures and  articles  of  personal  property,  constructed,  acquired,   reconstructed,  rehabilitated,  managed,  owned or operated by a company   pursuant to this article, to provide centers for  the  aging,  including   such facilities as may be incidental or appurtenant thereto.3.  "Project  cost"  or  "community  senior  citizens services project   cost". The sum total of all costs incurred by a company approved by  the   commissioner  as reasonable and necessary for carrying out all works and   undertakings and providing all necessary equipment for  the  development   of  a  project,  less  any  private or federal, state or local financial   assistance available for and received by the company for the payment  of   such  project  cost. These shall include but are not necessarily limited   to the carrying charges during construction  up  to  and  including  the   occupancy  date,  working  capital not exceeding three per centum of the   estimated total cost or three per centum of the actual total final cost,   whichever is larger, the cost of all necessary studies,  surveys,  plans   and  specifications,  architectural, engineering, legal or other special   services, the cost of acquisition of land and any improvements  thereon,   site   preparation   and   development,   construction,  reconstruction,   rehabilitation,   improvement   and   equipment,   including   fixtures,   equipment,  and articles of personal property required for the operation   of such facilities, the reasonable cost of  financing  incurred  by  the   company  in  the  course  of  the  development of the project, up to and   including the occupancy date, the fees imposed by the  commissioner  and   by  the  New  York state housing finance agency; other fees charged, and   necessary expenses incurred in connection with the initial occupancy  of   the  project,  and  the cost of such other items as the commissioner may   determine to be reasonable  and  necessary  for  the  development  of  a   project,  less  any  and  all  rents  and  other  net  revenues from the   operation of the real property, improvements or personal property on the   project site, or any part thereof, by the company on and after the  date   on which the contract between the company and the New York state housing   finance agency was entered into and prior to the occupancy date.4.  "Occupancy date". The date defined in the document providing for a   mortgage loan between a company and the New York state  housing  finance   agency.5. "Commissioner". The commissioner of social services of the state of   New York.6. "Department". The department of social services of the state of New   York.