[§356D-152] Housing owner; defined.

174 words·~1 min read·/hi/356d-152

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

[§356D-152] Housing owner; defined. As used in this part, the term "housing owner" means:

(1)A private nonprofit corporation or other private nonprofit legal entity, a limited dividend corporation or other limited dividend legal entity, or a cooperative housing corporation, that is a mortgagor under section 202, 207, 213, 221(d)(3), 221(d)(5), or 231 of the United States Housing Act of 1937, as amended, or that conforms to the standards of those sections but that is not a mortgagor under those sections or any other private mortgagor under the United States Housing Act of 1937, as amended, for very low-income, low-income, or moderate‑income family housing, regulated or supervised under federal or state laws or by political subdivisions of the State, or agencies thereof, as to rents, charges, capital structure, rate of return, and methods of operation, from the time of issuance of the building permit for the project;

(2)Any other owner of a standard housing unit or units deemed qualified by the authority; and

(3)The authority. [L 2006, c 180, pt of §2]