N.Y. Private Housing Finance Law Section 1261
Definitions

As used in this article:

1.

“Corporation” shall mean the housing trust fund corporation established in § 45-A (Housing trust fund corporation)section forty-five-a of this chapter.

2.

“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.

3.

“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.

4.

“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.

Source: Section 1261 — Definitions, https://www.­nysenate.­gov/legislation/laws/PVH/1261 (updated Apr. 20, 2018; accessed Nov. 1, 2025).

Green check means up to date. Up to date

Verified:
Nov. 1, 2025

Last modified:
Apr. 20, 2018

§ 1261. Definitions's source at nysenate​.gov

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