Wyoming Administrative Code
Agency 900 - Community Development Authority, Wyoming
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 2 - LOANS FOR RENTAL HOUSING PROJECTS
Section 2-3 - Definitions
Current through September 21, 2024
(a) Unless a different meaning is required from the context in which they are used herein, all words and terms which are defined in the Act are used in these Rules and Regulations as defined in the Act.
(b) The following words or terms as used in these Rules and Regulations shall have the following meanings:
"Eligible tenants" means persons and families whose income does not exceed the maximum income levels as authorized or established by the Authority.
"Rental housing loan" means a loan of money, including advances and temporary and permanent loans, for the construction, reconstruction, rehabilitation or purchase of rental housing and may include any and all "project costs" as defined in the Act.
"Program" means the Authority's program of financing or administering financial programs for rental housing.
"Residential use" means use of each rental unit as the principal residence of the occupant and not as a vacation or "second" home.