Wherever used in this chapter:
(1) “Historic and industrial mill building” means an industrial building built prior to January 1, 1949 and meets one of the following:
(i) Listed on the national register of historic places, as maintained by the U.S. Department of Interior;
(ii) Eligible for listing on the local historic register, as established by the Pawtucket historic district commission;
(iii) Not worthy to be nominated to the register, but determined to be eligible for the program by the Pawtucket city council.
(2) “Housing unit” means a new residential unit created within a historic industrial mill building.
(3) “Renovate” means conversion of a historic industrial mill building to create residential use by substantial rehabilitation.