N.Y. Private Housing Finance Law § 1021

§ 1021. Definitions. As used in this article, any term defined in\narticle seventeen of this chapter shall have the same meaning herein as\nset forth therein and the following terms shall have the following\nmeanings:\n 1. "Federal assistance" means assistance from the Farmer's Home\nAdministration pursuant to title five of the United States Housing Act\nof 1949.\n 2. "Eligible sponsor" means either a corporation organized pursuant to\nthe not-for-profit corporation law, a public housing authority as\ndefined pursuant to subdivision two of section three of the public\nhousing law, or an eligible borrower as defined in Title V of the United\nStates Housing Act of 1949.\n 3. "Eligible project" means a housing project located in a rural area\nwhich is to be owned or operated by an eligible sponsor and which has\nreceived (or which the sponsor has demonstrated to the satisfaction of\nthe commissioner will receive) federal assistance.\n