State Codes and Statutes

Statutes > New-york > Pvh > Article-15 > 801

§  801. Definitions. As used in this article the following terms shall  have the following meanings unless a different meaning  clearly  appears  from the context:    1.  "Agency"  shall  mean  the  office  or  agency  of  a municipality  authorized to administer the  expenditure  of  grants  from  the  United  States  of  America  to  assist  community  development  activities  and  programs  for  the  construction,  rehabilitation  or  conservation   of  multiple  dwellings  and housing accommodations or for the conversion of  under-utilized non-residential property into multiple dwellings  or,  in  the absence of such an office or agency, the comptroller or chief fiscal  officer  of  such  municipality;  except that in the city of New York it  shall be the department of housing preservation and development  or  any  successor  thereto  and  shall  include,  except for purposes of section  eight  hundred  four  of  this  article,  the  New  York  city   housing  development  corporation  with respect to any participation in a loan by  such corporation pursuant to section eight hundred five of this article.    1-a. "Construction"  shall  mean  the  construction  of  new  multiple  dwellings upon vacant land.    2.   "Conversion"   shall   mean   the  conversion  of  under-utilized  non-residential property into a multiple dwelling.    3. "Federal grant funds" shall  mean  any  grants  received  from  the  United States of America for community development activities or for the  construction,  rehabilitation  or  conservation of multiple dwellings or  for the  conversion  of  under-utilized  non-residential  property  into  multiple dwellings.    4.  "Non-residential  property" shall mean any property which is not a  multiple dwelling, and which is intended to be converted into a multiple  dwelling, and which is  under-utilized  for  commercial,  industrial  or  other non-residential purposes.    5. "Owner" shall mean an individual, partnership, corporation or other  entity,  including  a non-profit company, a mutual company, or a housing  development fund company, which holds record title in fee simple to  the  existing  multiple  dwelling  to be rehabilitated or the non-residential  property to be converted into a multiple dwelling and the real  property  upon  which  it is situate or to vacant land upon which the new multiple  dwelling is to be constructed.    6. "Private investor" shall mean one or  more  banking  organizations,  foundations,  labor  unions,  credit  unions,  employers'  associations,  veterans'    organizations,    colleges,    universities,    educational  institutions,  child  care  institutions,  hospitals,  medical  research  institutes, insurance companies, trustees or  fiduciaries,  trustees  of  pension  and  retirement  funds and systems, corporations, partnerships,  individuals or other entities or any combination of the  foregoing,  and  shall  include  the  United  States  of  America and any of its agencies  acting as a lender under the loan  program  pursuant  to  section  three  hundred twelve of the housing act of nineteen hundred sixty-four and any  amendments  thereto or any similar program. As used in this subdivision,  the terms "trustees" and "fiduciaries" shall include  any  fiduciary  or  fiduciaries   holding  funds  for  investment,  and  the  term  "banking  organizations" shall have the same meaning as in subdivision  eleven  of  section two of the banking law.    7. "Rehabilitation" shall mean the installation, replacement or repair  of  heating, plumbing, electrical and related systems, or elimination of  conditions dangerous to human life or detrimental to  health,  including  nuisances  as  defined  in  section  three  hundred nine of the multiple  dwelling  law,  or  other  rehabilitation  or  improvement  of  existing  multiple dwellings.8.  "Value"  shall  mean  the  "as  is" value of the existing multiple  dwelling, or in the case of non-residential  property  to  be  converted  into  a  multiple  dwelling,  the  "as is" value of such non-residential  property, and the land upon which it is situate prior to  rehabilitation  or  conversion  or,  in  the  case of the construction of a new multiple  dwelling,  the  "as  is"  value  of  the  vacant  land  prior  to   such  construction  plus  the  total  of  all  costs  of  such rehabilitation,  conversion or construction, including, but not limited to, the costs  of  any  or  all  undertakings necessary for the planning, financing, tenant  relocation, acquisition, satisfaction of tax liens and  other  municipal  liens  and  encumbrances,  construction,  equipment  and  development in  connection therewith.    9. "State grant funds" shall mean any grants received from  the  state  or  any  public benefit corporation for community development activities  for  the  construction,  rehabilitation  or  conservation  of   multiple  dwellings.

State Codes and Statutes

Statutes > New-york > Pvh > Article-15 > 801

§  801. Definitions. As used in this article the following terms shall  have the following meanings unless a different meaning  clearly  appears  from the context:    1.  "Agency"  shall  mean  the  office  or  agency  of  a municipality  authorized to administer the  expenditure  of  grants  from  the  United  States  of  America  to  assist  community  development  activities  and  programs  for  the  construction,  rehabilitation  or  conservation   of  multiple  dwellings  and housing accommodations or for the conversion of  under-utilized non-residential property into multiple dwellings  or,  in  the absence of such an office or agency, the comptroller or chief fiscal  officer  of  such  municipality;  except that in the city of New York it  shall be the department of housing preservation and development  or  any  successor  thereto  and  shall  include,  except for purposes of section  eight  hundred  four  of  this  article,  the  New  York  city   housing  development  corporation  with respect to any participation in a loan by  such corporation pursuant to section eight hundred five of this article.    1-a. "Construction"  shall  mean  the  construction  of  new  multiple  dwellings upon vacant land.    2.   "Conversion"   shall   mean   the  conversion  of  under-utilized  non-residential property into a multiple dwelling.    3. "Federal grant funds" shall  mean  any  grants  received  from  the  United States of America for community development activities or for the  construction,  rehabilitation  or  conservation of multiple dwellings or  for the  conversion  of  under-utilized  non-residential  property  into  multiple dwellings.    4.  "Non-residential  property" shall mean any property which is not a  multiple dwelling, and which is intended to be converted into a multiple  dwelling, and which is  under-utilized  for  commercial,  industrial  or  other non-residential purposes.    5. "Owner" shall mean an individual, partnership, corporation or other  entity,  including  a non-profit company, a mutual company, or a housing  development fund company, which holds record title in fee simple to  the  existing  multiple  dwelling  to be rehabilitated or the non-residential  property to be converted into a multiple dwelling and the real  property  upon  which  it is situate or to vacant land upon which the new multiple  dwelling is to be constructed.    6. "Private investor" shall mean one or  more  banking  organizations,  foundations,  labor  unions,  credit  unions,  employers'  associations,  veterans'    organizations,    colleges,    universities,    educational  institutions,  child  care  institutions,  hospitals,  medical  research  institutes, insurance companies, trustees or  fiduciaries,  trustees  of  pension  and  retirement  funds and systems, corporations, partnerships,  individuals or other entities or any combination of the  foregoing,  and  shall  include  the  United  States  of  America and any of its agencies  acting as a lender under the loan  program  pursuant  to  section  three  hundred twelve of the housing act of nineteen hundred sixty-four and any  amendments  thereto or any similar program. As used in this subdivision,  the terms "trustees" and "fiduciaries" shall include  any  fiduciary  or  fiduciaries   holding  funds  for  investment,  and  the  term  "banking  organizations" shall have the same meaning as in subdivision  eleven  of  section two of the banking law.    7. "Rehabilitation" shall mean the installation, replacement or repair  of  heating, plumbing, electrical and related systems, or elimination of  conditions dangerous to human life or detrimental to  health,  including  nuisances  as  defined  in  section  three  hundred nine of the multiple  dwelling  law,  or  other  rehabilitation  or  improvement  of  existing  multiple dwellings.8.  "Value"  shall  mean  the  "as  is" value of the existing multiple  dwelling, or in the case of non-residential  property  to  be  converted  into  a  multiple  dwelling,  the  "as is" value of such non-residential  property, and the land upon which it is situate prior to  rehabilitation  or  conversion  or,  in  the  case of the construction of a new multiple  dwelling,  the  "as  is"  value  of  the  vacant  land  prior  to   such  construction  plus  the  total  of  all  costs  of  such rehabilitation,  conversion or construction, including, but not limited to, the costs  of  any  or  all  undertakings necessary for the planning, financing, tenant  relocation, acquisition, satisfaction of tax liens and  other  municipal  liens  and  encumbrances,  construction,  equipment  and  development in  connection therewith.    9. "State grant funds" shall mean any grants received from  the  state  or  any  public benefit corporation for community development activities  for  the  construction,  rehabilitation  or  conservation  of   multiple  dwellings.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pvh > Article-15 > 801

§  801. Definitions. As used in this article the following terms shall  have the following meanings unless a different meaning  clearly  appears  from the context:    1.  "Agency"  shall  mean  the  office  or  agency  of  a municipality  authorized to administer the  expenditure  of  grants  from  the  United  States  of  America  to  assist  community  development  activities  and  programs  for  the  construction,  rehabilitation  or  conservation   of  multiple  dwellings  and housing accommodations or for the conversion of  under-utilized non-residential property into multiple dwellings  or,  in  the absence of such an office or agency, the comptroller or chief fiscal  officer  of  such  municipality;  except that in the city of New York it  shall be the department of housing preservation and development  or  any  successor  thereto  and  shall  include,  except for purposes of section  eight  hundred  four  of  this  article,  the  New  York  city   housing  development  corporation  with respect to any participation in a loan by  such corporation pursuant to section eight hundred five of this article.    1-a. "Construction"  shall  mean  the  construction  of  new  multiple  dwellings upon vacant land.    2.   "Conversion"   shall   mean   the  conversion  of  under-utilized  non-residential property into a multiple dwelling.    3. "Federal grant funds" shall  mean  any  grants  received  from  the  United States of America for community development activities or for the  construction,  rehabilitation  or  conservation of multiple dwellings or  for the  conversion  of  under-utilized  non-residential  property  into  multiple dwellings.    4.  "Non-residential  property" shall mean any property which is not a  multiple dwelling, and which is intended to be converted into a multiple  dwelling, and which is  under-utilized  for  commercial,  industrial  or  other non-residential purposes.    5. "Owner" shall mean an individual, partnership, corporation or other  entity,  including  a non-profit company, a mutual company, or a housing  development fund company, which holds record title in fee simple to  the  existing  multiple  dwelling  to be rehabilitated or the non-residential  property to be converted into a multiple dwelling and the real  property  upon  which  it is situate or to vacant land upon which the new multiple  dwelling is to be constructed.    6. "Private investor" shall mean one or  more  banking  organizations,  foundations,  labor  unions,  credit  unions,  employers'  associations,  veterans'    organizations,    colleges,    universities,    educational  institutions,  child  care  institutions,  hospitals,  medical  research  institutes, insurance companies, trustees or  fiduciaries,  trustees  of  pension  and  retirement  funds and systems, corporations, partnerships,  individuals or other entities or any combination of the  foregoing,  and  shall  include  the  United  States  of  America and any of its agencies  acting as a lender under the loan  program  pursuant  to  section  three  hundred twelve of the housing act of nineteen hundred sixty-four and any  amendments  thereto or any similar program. As used in this subdivision,  the terms "trustees" and "fiduciaries" shall include  any  fiduciary  or  fiduciaries   holding  funds  for  investment,  and  the  term  "banking  organizations" shall have the same meaning as in subdivision  eleven  of  section two of the banking law.    7. "Rehabilitation" shall mean the installation, replacement or repair  of  heating, plumbing, electrical and related systems, or elimination of  conditions dangerous to human life or detrimental to  health,  including  nuisances  as  defined  in  section  three  hundred nine of the multiple  dwelling  law,  or  other  rehabilitation  or  improvement  of  existing  multiple dwellings.8.  "Value"  shall  mean  the  "as  is" value of the existing multiple  dwelling, or in the case of non-residential  property  to  be  converted  into  a  multiple  dwelling,  the  "as is" value of such non-residential  property, and the land upon which it is situate prior to  rehabilitation  or  conversion  or,  in  the  case of the construction of a new multiple  dwelling,  the  "as  is"  value  of  the  vacant  land  prior  to   such  construction  plus  the  total  of  all  costs  of  such rehabilitation,  conversion or construction, including, but not limited to, the costs  of  any  or  all  undertakings necessary for the planning, financing, tenant  relocation, acquisition, satisfaction of tax liens and  other  municipal  liens  and  encumbrances,  construction,  equipment  and  development in  connection therewith.    9. "State grant funds" shall mean any grants received from  the  state  or  any  public benefit corporation for community development activities  for  the  construction,  rehabilitation  or  conservation  of   multiple  dwellings.