The following terms, wherever used or referred to in this article, shall have the following respective meanings, unless a different meaning is clearly intended by the context:
(a) Persons of eligible income. Persons who individually or as part of a family unit lack sufficient income or assets (as determined by the county executive or his designee) to enable them, without financial assistance, to live in decent, safe and sanitary dwellings without overcrowding.
(b) Opportunity housing. Those dwelling or housing units for which the rental or selling price is established by the county pursuant to this article in order that persons of eligible income may be able, within their respective incomes, to live in decent, safe and sanitary accommodations without overcrowding.
(c) Opportunity housing project. Any work or undertaking pursuant to this article to provide decent, safe and sanitary individual or multi-unit dwellings or housing for persons of eligible income. Such work or undertaking may include, but shall not be limited to, the provision of buildings, land, equipment, utilities, streets, parks and any other facilities, rights or appurtenances deemed to be necessary, convenient or desirable within the general intent of this article. The phrase "opportunity housing project" also may be applied to the planning of buildings and improvements, the acquisition of property, the demolition of existing structures, the construction, reconstruction, alteration and repair of improvements and all other work in connection with the production of opportunity housing units.
(d) Nonprofit housing development corporation. A nonprofit or charitable private or public corporation authorized by the county to receive and expend public funds, in order to provide, or assist in providing, decent, safe and sanitary dwelling accommodations without overcrowding.
(e) Real property. All lands, including improvements and fixtures thereon, and the property of any nature appurtenant thereto, or use in connection therewith, and every estate, interest and right, legal or equitable therein, including terms for years and liens by way of judgment, mortgage or otherwise and the indebtedness secured by such liens. (1974 L.M.C., ch. 41, § 1.)