Section 1121. Definitions  


Latest version.
  • For the purposes of this article:
        1.  "Agency"  shall  mean  the  New  York state housing finance agency
      created by section forty-three of this chapter.
        2. "Cooperative project" or "project" shall mean any manufactured home
      park property which,  subsequent  to  receiving  assistance  under  this
      article,   will  be  owned  as  a  cooperative  by  the  owners  of  the
      manufactured homes situated therein.
        3. "Eligible applicant" shall  mean  a  manufactured  home  residents'
      association  representing a majority of the manufactured home residents,
      a  manufactured  home  park  cooperative,  a  municipality,  a   housing
      development fund company incorporated pursuant to article eleven of this
      chapter,  or  any  not-for-profit corporation or charitable organization
      which has as one of its primary purposes the improvement of housing.
        4.  "Infrastructure  improvement"   shall   mean   the   construction,
      reconstruction, improvement, reconditioning, and preservation, including
      the  acquisition  of  real  property  and  interests therein required or
      expected to be required in  connection  therewith,  of  roads,  bridges,
      sewage  and  water  collection and disposal systems, lighting districts,
      sidewalks, and other capital projects which will benefit the cooperative
      as a whole.
        5. "Manufactured home park" shall mean a  manufactured  home  park  as
      defined in section two hundred thirty-three of the real property law.
        6.  "Manufactured  home  park  cooperative"  shall  mean a corporation
      formed for the purpose of owning a manufactured home  park  wherein  the
      ownership of such shares will entitle the owners thereof to occupancy in
      such  park  pursuant to section three hundred fifty-two-e of the general
      business law.