When used in this chapter, the following words shall have the following meanings:
(1) ADVISORY COMMITTEE. The Alabama Housing Trust Fund Advisory Committee.
(2) ALABAMA DEPARTMENT OF ECONOMIC AND COMMUNITY AFFAIRS (ADECA). As established by Section 41-23-1.
(3) ALABAMA HOUSING TRUST FUND. The trust fund created pursuant to Section 24-10-4.
(4) SIXTY PERCENT OF MEDIAN FAMILY INCOME. A person or persons living together whose annual income or incomes do not exceed 60 percent of the median family income of a geographic area, as determined by the U.S. Department of Housing and Urban Development, with adjustments for smaller and larger families.