[§201H-122]  Definitions.  The followingterms as used in this subpart shall have the following meanings unless adifferent meaning clearly appears from the context:

"Eligible project" means a rentalhousing project that:

(1)  Is financed by the corporation pursuant tosubpart B or D, or that the corporation determines will require rentalassistance to make it financially feasible;

(2)  Is subject to a regulatory agreement with thecorporation;

(3)  Maintains at least twenty per cent of its unitsfor eligible tenants; and

(4)  Meets other qualifications as established byrules adopted by the corporation.

Notwithstanding any provision to the contrary,"eligible project" may also include a rental housing project that isfinanced by the corporation pursuant to subpart A.

"Eligible tenant" means a family oran individual whose income does not exceed eighty per cent of the area medianincome as determined by the United States Department of Housing and UrbanDevelopment.

"Owner" means the owner of aneligible project.

"Regulatory agreement" means anagreement between the corporation and the owner relating to an eligible projectthat includes provisions relating to rents, charges, profits, return on owner'sequity, development costs, and methods of operation.

"Rental assistance contract" means anagreement between an owner and the corporation providing for periodic rentalassistance payment for units in an eligible project. [L 2006, c 180, pt of §4]