2023 New York Laws › PVH - Private Housing Finance › Article 8-B - Loans to Owners of One to Four Unit Private and Multiple Dwellings › 471 - Definitions.

§   471.   Definitions.   1.   "Agency"   shall  mean  any  agency  or
  instrumentality of a municipality that is  created  by  legislation  and
  designated  by  the chief executive to act on behalf of the municipality
  with regard to the provisions of this article.
2. "Banking organization" shall mean any corporation,  association  or
  organization  organized  under the banking laws of New York state or the
  United States which is authorized to transact business in this state.
3. "Existing multiple dwelling" shall mean any dwelling classified  as
  a  multiple  dwelling  pursuant  to  the  multiple  dwelling  law or the
  multiple residence law and in  existence  on  the  date  upon  which  an
  application  for  a  loan  pursuant  to  this article is received by the
  agency.
4. "Existing private dwelling" shall mean any dwelling classified as a
  private dwelling pursuant to the multiple dwelling law or  the  multiple
  residence law and in existence on the date upon which an application for
  a loan pursuant to this article is received by the agency.
5.  "Federal  grant  funds"  shall  mean  any grants received from the
  federal government for  community  development  activities  or  for  the
  rehabilitation or conservation of private or multiple dwellings.
6.  "Low  and moderate income persons" shall mean persons and families
  who cannot afford to improve their homes by relying  upon  the  ordinary
  unaided operation of private enterprise.
7. "Municipality" shall mean any city, town or village.
8.  "Owner"  shall mean an individual or individuals, a partnership, a
  corporation or other entity, including but not limited to,  a  trust,  a
  joint  tenancy,  tenancy  in  common  or tenancy by the entirety holding
  record or beneficial title in fee  simple  to  an  existing  private  or
  multiple  dwelling  and  the real property upon which it is situated, or
  the lessee thereof under a lease having an unexpired term  of  at  least
  thirty  years.  "Owner"  shall  be  deemed to also include a cooperative
  corporation or a condominium association.
9. Reserved.
10. "Private investor" shall mean one or more  banking  organizations,
  foundations,  public  benefit corporations, labor unions, credit unions,
  employers'    associations,    veterans'    organizations,     colleges,
  universities,   educational   institutions,   child  care  institutions,
  hospitals, medical research institutes, insurance companies, trustees or
  fiduciaries, trustees of  pension  and  retirement  funds  and  systems,
  corporations,   partnerships,  individuals  or  other  entities  or  any
  combination of the foregoing, and shall include  the  United  States  of
  America and any of its agencies and departments.
11.  "Rehabilitation"  shall  mean  the  installation, replacement, or
  repair of heating, plumbing,  electrical  and  related  systems  or  the
  elimination  of  conditions  dangerous  to  human life or detrimental to
  health, including nuisances as defined in local housing or health  codes
  or  as  defined  in  section three hundred nine of the multiple dwelling
  law, or in section three hundred five of the multiple residence law,  or
  other   rehabilitation  or  general  property  and  energy  conservation
  improvements.
12. "State grant funds" shall mean any grants received from the  state
  or  any  public benefit corporation for community development activities
  or for  the  rehabilitation  or  conservation  of  private  or  multiple
  dwellings.