§ 572. Definitions. As used in this article, the following terms shall\nmean and include:\n 1. "Commissioner." The commissioner of housing and community renewal\nof the state of New York.\n 2. "Comptroller." The comptroller of the state of New York in the\ncontext of the housing development fund established by section five\nhundred seventy-four of this article, or the comptroller or chief fiscal\nofficer of a municipality in the context of the municipal housing\ndevelopment fund established pursuant to section five hundred\nseventy-four-a of this article, as the case may be.\n 3. "Development cost." The cost approved by the commissioner or the\nsupervising agency, as the case may be, as appropriate expenditures\nwhich may be incurred prior to commitment and initial advance of the\nproceeds of a mortgage, including but not limited to: (a) payments for\noptions to purchase properties on the proposed housing project site,\ndeposits on contracts of purchase, or, with prior approval of the\ncommissioner or the supervising agency, as the case may be, payments for\nthe purchase of such properties; (b) legal and organizational expenses,\nincluding payment of attorneys' fees, project manager and clerical staff\nsalaries, office rent and other incidental expenses; (c) payment of fees\nfor preliminary feasibility studies, advances for planning, engineering\nand architectural work; (d) expenses for tenant or home ownership\nsurveys and market analyses; (e) necessary application and other fees;\n(f) bridge loans which shall mean such interim financing as may be\nnecessary for the development of residential properties and which shall\nbe repaid out of equity which may include proceeds from the syndication\nof the federal low income housing tax credit as established pursuant to\nthe federal internal revenue code; and (g) such other expenses incurred\nby the housing development fund company or housing corporation as the\ncommissioner or the supervising agency, as the case may be, may deem\nappropriate to effectuate the purposes of this article.\n 4. "Division." The division of housing and community renewal in the\nexecutive department of the state of New York.\n 5. "Federally-aided mortgage." A mortgage made or insured by the\nfederal government or any agency or instrumentality thereof, or a\nmortgage loan entered into in conjunction with a housing assistance\npayments contract in connection with new construction or substantial\nrehabilitation pursuant to section eight of the United States Housing\nAct of 1937, as amended.\n 6. "Fund." The housing development fund created by section five\nhundred seventy-four of this article, or a municipal housing development\nfund established pursuant to section five hundred seventy-four-a of this\narticle, as the case may be.\n 7. "Gross project cost." The sum total of all reasonable and necessary\ncosts incurred by a housing development fund company for carrying out\nall works and undertakings for the development of a housing project.\nThese shall include but not necessarily be limited to the cost of all\nnecessary studies, surveys, plans and specifications, architectural,\nengineering, legal or other special services, financing, acquisition,\ndemolition, construction, equipment, and site development of new and\nrehabilitated buildings, rehabilitation, reconstruction, repair or\nremodeling of existing buildings, and the cost of tenant placement and\ntenant relocation services in connection with a project.\n 8. "Housing project." A specific work or improvement undertaken by a\nhousing development fund company to provide dwelling accommodations,\nincluding the acquisition, construction and/or rehabilitation of lands,\nbuildings and improvements, and such commercial, social, recreational,\ncommunal or other non-housing facilities as may be incidental or\nappurtenant thereto.\n 8-a. "State urban development corporation project." A project\nacquired, owned, constructed, managed or operated by a housin
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