085-1 Wyo. Code R. § 1-3
(a) "Affordability" means that monthly mortgage payments including taxes and insurance do not exceed 30 percent of the homeowner's monthly gross income.
(b) "Applicant" means the eligible applicant per Chapter 1, Section 4.
(c) "Area median income" means the median family income in Wyoming adjusted by county as published by the U.S. Department of Housing and Urban Development annually.
(d) "Board" means the Wyoming State Loan and Investment Board.
(e) "Community Development Organization" means as defined by W.S. 9-12-301 (a)(ii).
(f) "Contractor" means a Wyoming state agency, authority or instrumentality under contract with the Council as necessary or convenient to facilitate the Council's duties under this program.
(g) "Community Land Trust" means land held in trust as a public investment for the long-term benefit of a community to provide secure, affordable access to land and workforce housing for community residents.
(h) "Council" means the Wyoming Business Council Board of Directors.
(i) "Council Staff" means the staff of the Wyoming Business Council assigned to administer the program.
(j) "Joint Powers Board" means as enumerated in W.S. 16-1-101 through 16-1-110.
(k) "Multi-year project" means a large scale, stand alone project which will be constructed over separate fiscal years and which cannot be separated into smaller, independently operational phases.
(l) "Phased projects" mean a project in which parts ("phases") are completed and fully functional before the entire project is built-out. For example, a subdivision that will eventually have twenty lots may be phased such that infrastructure will open up five lots at a time over four different phases. The first five lots can be occupied immediately upon completion of the infrastructure, and do not require completion of remaining three phases.
(m) "State development organization" means as defined by W.S. W.S. 9-12-301 (a)(iv).
(n) "Workforce housing" means owner-occupied, residential dwellings priced to be affordable to families that have a gross income capped at or below 120 percent of the area median income. The 120 percent cap may be modified to accommodate the needs of an applicant if it can be demonstrated that housing costs are high relative to the ability to pay based on a comparison of area median income to the cost of housing. In no case shall the cap exceed 150 percent of the area median income.
(o) "Workforce housing infrastructure" means publicly owned infrastructure to the boundaries of a workforce housing subdivision or development, and if determined by the Council to be consistent with the purposes of this program, through a workforce housing subdivision or development. To be considered "workforce housing infrastructure" under this program, the infrastructure shall be for a workforce housing subdivision or development for which the political subdivision making application under this program has required, through a development agreement, zoning or other land use restriction, the inclusion of a specified percentage or number of housing units at specified maximum initial sale prices or to have a specified initially finished, maximum square footage.
085-1 Wyo. Code R. § 1-3