N.Y. Private Housing Finance Law 1271 – Definitions
Current as of: 2023 | Check for updates
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Terms Used In N.Y. Private Housing Finance Law 1271
- Corporation: shall mean the housing trust fund corporation established in section forty-five-a of this chapter. See N.Y. Private Housing Finance Law 1271
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Disabled veteran: shall mean a veteran with, including but not limited to, a permanent physical or medical impairment resulting from an anatomical or physiological condition which prevents the exercise of a normal bodily function, substantially limits a major life activity or which is demonstrable by medically accepted clinical or laboratory diagnostic techniques. See N.Y. Private Housing Finance Law 1271
- Eligible applicant: shall mean a city, town, village or not-for-profit corporation in existence for a period of one or more years prior to application, which is, or will be at the time of award, incorporated under the not-for-profit corporation law and has substantial experience in adapting or retrofitting homes for persons with disabilities. See N.Y. Private Housing Finance Law 1271
- Eligible property: shall mean a housing unit that is the primary residence of a disabled veteran and a total household income that does not exceed one hundred and twenty percent of area median income. See N.Y. Private Housing Finance Law 1271
- Veteran: shall mean a veteran as defined in section one of the veterans' services law, or is a discharged LGBT veteran, as defined in section one of the veterans' services law, who is a resident of the state and has received a discharge other than bad conduct or dishonorable from such service. See N.Y. Private Housing Finance Law 1271