(1) Buffalo: Cattaraugus, Chautauqua, Erie and Niagara counties;

(2) Rochester: Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties;

(3) Syracuse: Cayuga, Cortland, Madison, Onondaga and Oswego counties;

(4) Elmira-Binghamton: Allegany, Broome, Chemung, Chenango, Delaware, Otsego, Schuyler, Steuben, Tioga and Tompkins counties;

(5) Mid-Hudson: Columbia, Dutchess, Greene, Orange, Putnam, Sullivan and Ulster counties;

(6) Capital: Albany, Montgomery, Rensselaer, Saratoga, Schenectady and Schoharie counties;

(7) Mohawk Valley-Northern: Clinton, Essex, Franklin, Fulton, Hamilton, Herkimer, Jefferson, Lewis, Oneida, St. Lawrence, Warren and Washington counties;

(8) Downstate: Rockland and Westchester counties;

(9) Long Island: Nassau and Suffolk counties;

(10) New York City: the five counties comprising the city of New York. 10. "Rehabilitation". Repairs, alterations or improvements of a housing accommodation designed to raise the housing standards therein or, in the case of other real property, designed to provide needed improvements therein. 11. "Preservation loan". A loan extended by a financial institution for the purposes of refinancing existing indebtedness secured by one or more mortgages on a housing accommodation or other real property and/or financing the acquisition of a housing accommodation or other real property and which otherwise complies with the conditions established pursuant to section twenty-four hundred twenty-eight of this chapter. * 12. "Rehabilitation loan". A loan extended by a financial institution which may include the refinancing of existing indebtedness, if any, secured by one or more mortgages on the housing accommodation or other real property to be rehabilitated or financing the acquisition of the housing accommodation or other real property to be rehabilitated, and which otherwise complies with the conditions established pursuant to section twenty-four hundred twenty-eight of this part, provided however that a sum equal to at least twenty percent of the amount of the loan shall be used for the cost of rehabilitation of, or construction of improvements on a housing accommodation or other real property; provided further that such percentage shall not be required for a community residence as such term is defined in subdivision twenty-eight of section 1.03 of the mental hygiene law, or for any other residential facility funded by, under contract with, or subject to regulation by or under the jurisdiction of the department of mental hygiene, providing services to persons with mental disabilities as such term is defined in subdivision three of such section. * NB Effective until July 23, 2021 * 12. "Rehabilitation loan". A loan extended by a financial institution which may include the refinancing of existing indebtedness, if any, secured by one or more mortgages on the housing accommodation or other real property to be rehabilitated or financing the acquisition of the housing accommodation or other real property to be rehabilitated, and which otherwise complies with the conditions established pursuant to section twenty-four hundred twenty-eight of this chapter, provided however that a sum equal to at least twenty-five percent of the amount of the loan shall be used for the cost of rehabilitation of, or construction of improvements on a housing accommodation or other real property. * NB Effective July 23, 2021 13. "Residential purposes". The use or intended use of any space as the home or residence of one or more persons, excluding use as a housing accommodation for transients, but including use or intended use for emergency, transitional or shelter housing. 14. "Cash equivalent". A letter of credit, insurance policy, surety, guarantee or other security arrangement. 15. "Pool insurance". Mortgage insurance provided by the agency to insure an aggregate of mortgage loans. 16. Reverse mortgage. A reverse mortgage loan pursuant to section two hundred eighty or two hundred eighty-a of the real property law shall mean a loan which is secured by a first mortgage on real property improved by a one to four-family residence or condominium that is the residence of the mortgagor, the proceeds of which are advanced to the mortgagor during the loan term in equal installments, in advances through a line of credit or otherwise, in lump sums, or through a combination thereof. A reverse mortgage may be structured to provide for the addition of accrued but unpaid interest to principal. Such reverse mortgage loan may provide for an initial lump-sum advance wherein the mortgagor may receive an amount necessary to pay closing costs, including but not limited to loan or commitment fees, if any, insurance premiums, the cost of house repairs, legal fees, the cost of annuities, the costs of third party counseling, the amount necessary to pay off existing mortgages or liens, and other appropriate costs. 17. "Ancillary bond facility". That portion of an ancillary bond facility, as defined in the convention center development corporation act, with respect to which the corporation has an actual or potential financial obligation or financial right. 18. "Bonds". Bonds as defined in the convention center development corporation act. 19. "Corporation". The convention center development corporation, created by the convention center development corporation act. 20. "Development corporation credit support". The sum of the respective amounts (or percentages) of required or permissive funding by the corporation of each reserve and financial support fund established by the corporation for its bonds and, to the extent not otherwise provided in respect of the support of bonds, for its ancillary bond facilities for which the agency has determined that the development corporation credit support account established under section twenty-four hundred twenty-nine-b of this part is or will be a source or potential source of funding. 21. "Reserve and financial support fund". The convention center development fund created by the convention center development corporation act and each fund (including, but not limited to, any fund or account in the nature of a reserve fund, a debt service fund, a revenue fund, a redemption fund or a reimbursement fund) established by the corporation in connection with its bonds or ancillary bond facilities from which amounts are required to be, or available to be, applied in satisfaction of financial obligations or financial rights of the corporation under such bonds or ancillary bond facilities. 22. "Convention center development corporation act". The convention center development corporation act, constituting chapter thirty-five of the laws of nineteen hundred seventy-nine, as amended, by the chapter of the laws of two thousand four which added this subdivision.