N.Y. Private Housing Finance Law § 302

§ 302. Definitions. 1. The term "housing accommodation," as used in\nthis article, shall mean any building or structure which is used or\noccupied, or is intended to be used or occupied, wholly or partly, as\nthe home or residence of one or more human beings.\n 2. The term "improved real property," as used in this article, shall\ninclude real property upon which a housing accommodation is to be built,\nin whole or in part, out of the proceeds of the loan, which when\ncompleted will constitute a permanent improvement.\n 3. The terms "encumbered" and "unencumbered," as used in this article,\nshall have the same meaning as in paragraph six of subsection (a) of\nsection one thousand four hundred four of the insurance law.\n