Terms Used In New York Laws > Private Housing Finance > Article 24 - National Affordable Housing Act Program

• Applicant: shall mean any entity eligible to receive grants or loans under the HOME program. See N.Y. Private Housing Finance Law 1171
• CHAS: shall mean the New York state comprehensive housing affordability strategy prepared in accordance with the requirements of the national affordable housing act of 1990. See N.Y. Private Housing Finance Law 1171
• Contract: A legal written agreement that becomes binding when signed.
• Division: shall mean the division of housing and community renewal. See N.Y. Private Housing Finance Law 1171
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• HOME program: shall mean subtitle A of title II of the national affordable housing act. See N.Y. Private Housing Finance Law 1171
• HOME regulations: shall mean HUD regulations created pursuant to the national affordable housing act of 1990 as amended. See N.Y. Private Housing Finance Law 1171
• HUD: shall mean the federal department of housing and urban development. See N.Y. Private Housing Finance Law 1171
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• NAHA: shall mean the national affordable housing act, 42 U. See N.Y. Private Housing Finance Law 1171
• Participating jurisdiction: shall mean a unit of general local government designated by HUD to receive HOME funds through a formula allocation. See N.Y. Private Housing Finance Law 1171