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1261 — New York Law | CourtGPT
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New York Legal Code

1261

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As used in this article:\n1. 'Corporation' shall mean the housing trust fund corporation established in section forty-five-a of this chapter.\n2. 'Eligible applicant' shall mean a unit of local government 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 been engaged primarily in housing and community development activities.\n3. 'Residential emergency services to offer home repairs to the elderly programs' shall mean a series of activities by an eligible applicant to administer funds to provide either loans or grants to homeowners sixty years of age or older, with a household income of less than one hundred percent of the area median income, to oversee the adaptation or retrofitting of eligible properties.\n4. 'Eligible property' shall mean a housing unit that is the primary residence of a person that is sixty years of age or older and have a household income that does not exceed one hundred percent of the area median income.