760 CMR, § 18.02
Application. An application, including a description of an Eligible Project (Project) for which Capital Improvement and Preservation Fund (CIPF) assistance is requested, in the form and containing the information, including all sources of financing, required by the CIPF Guidelines.
Community Development Corporation (CDC). A nonprofit corporation as defined in M.G.L. c. 40F, § 1. To participate in a CIPF Project as a developer or member of a development team, a CDC may be required by the Department to be an Internal Revenue Code § 501(c)(3) organization.
Department. The Department of Housing and Community Development (DHCD).
Eligible Project (Project). A project which meets the eligibility criteria contained in 760 CMR 18.00 and the CIPF Guidelines.
CEDAC. The Community Economic Development Assistance Corporation, established by M.G.L. c. 40H.
CIPF. Capital Improvement and Preservation Fund, established pursuant to the CIPF Legislation.
CIPF Guidelines. Guidelines issued by the Department that clarify and elaborate upon 760 CMR 18.00.
CIPF Legislation. Collectively, the CIPF I Legislation, the CIPF II Legislation, and M.G.L. c. 121G or, where the context so requires, the specific legislation applicable, respectively, to CIPF I, CIPF II, and M.G.L. c. 121G loans or grants.
Local Housing Authority (LHA). A public body politic and corporate organized and existing pursuant to M.G.L. c. 121B § 3.
Low or Moderate Income Person or Family. An individual or family whose adjusted income is less than or equal to 80% of the median income for the family size in the pertinent region as determined by the Secretary of the U.S. Department of Housing and Urban Development (HUD) or successor agency for federal housing programs.
MHP. The Massachusetts Housing Partnership Fund, established by St. 1985, c. 405, § 35.
MassHousing. (The former Massachusetts Housing Finance Agency), established by St. 1966, c. 708.
Very Low Income Person or Family. An individual or family whose adjusted income is less than or equal to 50% of the median income for the family size in the pertinent region as determined by the Secretary of HUD or successor agency for federal housing programs.
Nonprofit Corporation. A corporation organized under M.G.L. c. 180 which may also be required to be a 501(c)(3) organization under the Internal Revenue Code at the time of Application or loan closing.
760 CMR, § 18.02