Defined terms and construction
Compiled text through Jul 31, 2022
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Jul 31, 2022
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
For the purposes of these guidelines, the following terms shall have the meaning set forth opposite such terms, unless the context shall clearly indicate some other meaning.
The rent or carrying charges determined by the commissioner to be sufficient, together with moneys available to the company from the State, the Federal government or any other source, to provide for the payment of:
The sum of the current economic rent, plus an amount sufficient to amortize all mortgage repayment arrearages, including fees and charges, and all real property tax arrearages, including applicable interest, if any, and all water and sewer charge arrearages, including applicable interest, if any, of the company.
A limited profit housing company duly incorporated pursuant to the provisions of article 2 of the Private Housing Finance Law or a company incorporated pursuant to the Not-for-Profit Corporation Law and article 2 of the Private Housing Finance Law for the purpose of providing housing and auxiliary facilities for staff members, employees or students of a college, university, hospital or child care institution and their immediate families, or for aged or handicapped persons of low income, pursuant to article 2 of the Private Housing Finance Law.
The Commissioner of Housing and Community Renewal of the State of New York.
The director of the Division of the Budget of the State of New York.
All charges paid to a housing company by a person or family living in a project by reason of ownership of stock in such company. The word rental shall mean and be interchangeable with carrying charges.