NY Pub Hsg L § 211 (2021)
2021 New York Laws PBG - Public Housing Article 10 - Loans to Owners of Existing Multiple Dwellings 211 - Definitions.

§ 211. Definitions.  As used in this article the following terms shall   mean:1.  The  term  "existing  multiple  dwelling"  shall mean any multiple   dwelling erected before April eighteenth, nineteen  hundred  twenty-nine   and in existence on the date upon which this article takes effect.2.  The  term  "agency"  shall  mean  any  officer, board, commission,   department, or other agency of the municipality, or the authority or any   other public authority, designated by  the  local  legislative  body  to   carry  out  the  functions  vested  in  the agency under this article or   delegated to the agency by the local legislative body in order to  carry   out the purposes and provisions of this article.3. a. The term "persons or families of low income" shall mean "persons   of  low  income" or "families of low income" as defined in section three   of this chapter, whose  probable  aggregate  annual  income  during  the   period  of occupancy does not exceed six times the rental (including the   value or cost to them  of  heat,  light,  water  and  cooking  fuel)  of   dwelling units occupied by such persons or families in existing multiple   dwellings  aided  by a loan pursuant to this article, except that in the   case of persons or families with three or more  dependents,  such  ratio   shall  not  exceed  seven  to  one,  and  except further that the income   limitations prescribed  by  this  paragraph  shall  be  subject  to  the   provisions  of  subdivision  two of section two hundred thirteen of this   chapter.In calculating annual income,  social  security  payments  and  income   received from private pension funds by any person sixty-two years of age   or  more  shall be excluded up to a total maximum amount of seventy-five   dollars per month.  The term "probable aggregate  annual  income"  means   the annual income of the chief wage earner of the family, plus all other   income  of other members of the family over the age of twenty-one years,   plus a proportion of income of gainfully employed members under the  age   of  twenty-one years, the proportion to be determined by the agency. The   agency may exclude a proportion of the income of other  members  of  the   family  over  the age of twenty-one years for the purpose of determining   eligibility for commencement of occupancy or continued occupancy, or for   establishing rental of such family, or for all such purposes.b. Notwithstanding the provisions of paragraph a of this  subdivision,   and  subject  to  the  provisions  of  subdivision  three of section two   hundred thirteen of this chapter, the term "persons or families  of  low   income"  shall  also mean any person or family who, immediately prior to   the date on which a contract for a loan  with  respect  to  an  existing   multiple  dwelling  is  entered  into pursuant to the provisions of this   article, occupies any dwelling unit in such multiple  dwelling  and  who   continuously  occupies  such unit during and after completion of central   heating or other rehabilitation or  improvement  performed  pursuant  to   such contract.4.  The  term  "occupancy  date"  shall  mean  the date defined in the   contract for a loan pursuant to this article between  the  owner  of  an   existing  multiple  dwelling  and  a municipality as the date upon which   such multiple dwelling is to be deemed ready for occupancy, or  if  such   term  is  not  defined  in  such  contract,  the date of issuance of the   temporary certificate of occupancy.