Common use of The Property Value Protection Program Clause in Contracts

The Property Value Protection Program. The home you are buying is covered by the Property Value Protection (PVP) Program as part of the Port Hope Project, under the Port Hope Area Initiative (PHAI). The PVP Program protects your investment in the value of your home or land until the Port Hope Project is completed, and for two years beyond that. The PVP Program was established to compensate property owners in the PVP Zone (see map above) if they realize a loss on the sale or rental of their properties as a result of activities related to the PHAI.