§ 401. Definitions. As used in this article the following terms shall
mean:

1. a. The term "existing multiple dwelling" shall mean any dwelling
classified as a multiple dwelling pursuant to the multiple dwelling law
including class A and class B multiple dwellings, and in existence on
the date upon which an application for a loan pursuant to this article
is received by the agency.

b. The term "existing multiple dwelling" shall also mean any building
in existence on the date upon which an application for a loan pursuant
to this article is received by the agency and which is intended on such
date to be converted to a class A or class B multiple dwelling.

c. The term "existing multiple dwelling" shall also mean a
not-for-profit institution with sleeping accommodations exclusively for
permanent residential purposes or any building in existence on the date
upon which an application for a loan pursuant to this article is
received by the agency which is intended to be converted to a
not-for-profit institution with sleeping accommodations exclusively for
permanent residential purposes.

2. The term "agency" shall mean any officer, board, commission,
department, or other agency of the municipality, or the authority or any
other public authority, designated by the local legislative body to
carry out the functions vested in the agency under this article or
delegated to the agency by the local legislative body in order to carry
out the purposes and provisions of this article.

3. a. The term "persons or families of low income" shall mean "persons
of low income" or "families of low income" as defined in section two of
this chapter.

b. Notwithstanding the provisions of paragraph a of this subdivision,
the term "persons or families of low income" shall also mean any person
or family who, immediately prior to the date on which a contract for a
loan with respect to an existing multiple dwelling is entered into
pursuant to the provisions of this article, occupies any dwelling unit
in such multiple dwelling and who continuously occupies such unit during
and after completion of central heating or other rehabilitation or
improvement performed pursuant to such contract provided, however, that
any person or family required to remove from any such dwelling unit
because of such installation, rehabilitation or improvement shall, for
the purpose of this section, be deemed to have continuously occupied
such unit and shall have preference in re-entering such multiple
dwelling upon completion of the aforesaid work.

4. The term "occupancy date" shall mean the date defined in the
contract for a loan pursuant to this article between the owner of an
existing multiple dwelling and a municipality as the date upon which
such multiple dwelling is to be deemed ready for occupancy, or if such
term is not defined in such contract, the date of issuance of the
temporary certificate of occupancy.

5. The term "rehabilitation", in addition to any other meaning, shall
include conversion of a class B multiple dwelling or a class A multiple
dwelling used in whole or in part for single room occupancy to a class A
multiple dwelling not used in whole or in part for single room
occupancy. The term "rehabilitation" shall also include the conversion
of any existing building to a class A or class B multiple dwelling.

6. The term "owner" shall mean a person having record or beneficial
title in fee simple to real property or the lessee thereof under a lease
having an unexpired term of at least thirty years.