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As used in this chapter, unless the context clearly indicates otherwise:\n(a) 'Authority' means the Housing Finance Authority established under chapter 2 of this title;\n(b) 'Executive Director' means the Executive Director of the Virgin Islands Housing Finance Authority;\n(c) 'Town' means the towns of Charlotte Amalie, Christiansted, and Frederiksted as defined by section 81 through 86 of Title 1, Virgin Islands Code;\n(d) 'Housing accommodation' means any building, structure or portion thereof which is designed to be and is occupied as the residence or home of one or more persons or families;\n(e) 'Owner' means any person, firm or corporation having the legal or beneficial ownership of a housing accommodation or of a building or structure containing one or more housing accommodations;\n(f) 'Rehabilitation' means the rehabilitation, improvement and repair of one or more housing accommodations and facilities incidental thereto;\n(g) 'Cost of rehabilitation' means the sum total of the costs incurred by an owner and approved by the Executive Director as reasonable and necessary for carrying out the rehabilitation of a housing accommodation or accommodations, including, but not

the costs incurred by an owner and approved by the Executive Director as reasonable and necessary for carrying out the rehabilitation of a housing accommodation or accommodations, including, but not limited to, all costs of necessary studies, plans, surveys and specifications, architectural, legal, and engineering services, supplies, labor and all other services; and\n(h) 'Financial institution' means any bank, savings and loan association, credit union, insurance company, or any individual, partnership, trust, association or corporation engaged in the business of making loans to finance the rehabilitation of housing accommodations.