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Terms Used In New Jersey Statutes 52:27D-307.1

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
1. As used in this act:

“Agency” means the Housing and Mortgage Finance Agency established pursuant to section 4 of the “New Jersey Housing and Mortgage Finance Agency Law of 1983,” P.L.1983, c.530 (C. 55:14K-4).

“Commissioner” means the Commissioner of Community Affairs.

“Council” means the Council on Affordable Housing created by the “Fair Housing Act,” P.L.1985, c.222 (C. 52:27D-301 et al.)

“Department” means the Department of Community Affairs.

“Housing region” means a housing region as determined by the Council on Affordable Housing pursuant to section 7 of P.L.1985, c.222 (C. 52:27D-307).

“Project” or “housing project” means any specific work or undertaking for the purpose of providing housing accommodations, whether by new construction or by rehabilitation or adaptation of existing structures, that shall be affordable to persons and families of low or moderate income within the meaning of the “Fair Housing Act,” P.L.1985, c.222 (C. 52:27D-301 et al.). Such work or undertaking may include the acquisition, construction or rehabilitation of lands, buildings and improvements, and such stores, offices, and social, recreational, communal or other facilities as may be incidental or appurtenant to the housing accommodations that are to be provided.

“Register” means the Register of Housing Projects directed by section 2 of this act to be established and maintained by the commissioner.

L.1991,c.479,s.1.