04 NCAC 19S .0102           DEFINITIONS

The definitions in 24 CFR 92.2 are hereby incorporated by reference except as specifically provided for and written in this Rule:

(1)           "Act" means National Affordable Housing Act.

(2)           "Applicant" means an agency that has or will submit an application to the Department requesting HOME program funds.

(3)           "Department" means the Department of Economic and Community Development.

(4)           "Home Regulations" means the HOME Investment in Affordable Housing Program Regulations found at 24 CFR Part 92., as amended.

(5)           "New construction" means housing units as defined in 24 CFR 92.208‑210.

(6)           "Recipient" means an agency that has been awarded an authorization of HOME funds by the State.

(7)           "Secretary" means the Secretary of the Department of Economic and Community Development.

(8)           "State" means the State of North Carolina.

(9)           "State recipient" means a unit of general local government designated by the State to receive HOME funds.

(10)         "Non‑profit housing organizations" means private, non‑profit housing organization that is tax‑exempt under section 501(c) of the Internal. Revenue Code.

(11)         "Affordable" means meeting the qualifications specified in 24 CFR 92 Subpart F for affordable housing.

 

History Note:        Filed as a Temporary Adoption Eff. July 17, 1992 for a period of 180 days or until the

permanent rule becomes effective, which ever is sooner;

Authority G.S.  143B‑10; 143B‑431; 24 C.F.R. Part 92;

Eff. November 30, 1992.