Affordable Home Ownership definition

Affordable Home Ownership means low cost home ownership on Shared Ownership Lease terms; Affordable Home Ownership Dwelling means an AHP Dwelling to be disposed of on Affordable Home Ownership terms;
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Affordable Home Ownership means Affordable Housing provided by way of an Affordable Home Purchase Arrangement where the amount paid by the Eligible Purchaser is affordable for that household, generally considered to be no more than 30% of gross household income spent on mortgage costs.
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Examples of Affordable Home Ownership in a sentence

  • It operates under the Regulations of the Affordable Home Ownership Development Program (21B NYCRR Parts 2150 et seq) (the "Regulations"), which are included in this RFP.

  • AHC's Affordable Home Ownership Development Program The Affordable Home Ownership Development Program (AHOD) is a state funded program administered by the New York State Affordable Housing Corporation (AHC) through New York State Homes and Community Renewal’s Office of Community Renewal (OCR).

  • Proposed changes to the previously approved Program Delivery and Financial Plan (PDFP) for Year 6 (2019-20) of the Investment in Affordable Housing Program Extension (2014) (IAHE): New Rental Housing $0 $358,297 Home Ownership $146,000 $66,303 Ontario Renovates $278,600 $0 Housing Allowance $135,000 $135,000 Total IAHE Funding $559,600 $559,600 Currently, at May 31, 2019, the Revolving Loan Funds for (a) Affordable Home Ownership is at $25,200.

  • Loan Amount: $256,000 Fund Source: MCCBL - State G.O. FY 2019 - Energy–Efficient Homes Construction Loan Program Collateral: Deed of Trust Description: Marble Hill Affordable Home Ownership project entails the gut-renovation construction of one single-family, for-sale row home.

  • To increase homeownership opportunities for eligible Participants (described in section 2 below) who otherwise would not be able to purchase a home in Whittier, the Whittier Housing Authority’s (the “WHA’s”) Affordable Home Ownership Program (AHOP, or the “Program”) provides deferred loans to moderate-income first-time home buyers to purchase a condominium, town home, or single-family home in Whittier.

  • Affordable housingAffordable Housing is the sum of Affordable Rent, Social Rent, Intermediate Rent and Affordable Home Ownership (Shared Ownership and Rent to Buy).

  • Borrower: Brand LLC Project: Marble Hill Affordable Home Ownership Project.1402 Druid Hill Avenue Baltimore 21217 Baltimore City Energy–Efficient Homes Construction Loan Program Authority:Sections 4-2001 through 4-2006 of the Department of Housing and Community Development Article of the Annotated Code of Maryland, and the regulations promulgated thereunder at COMAR 05.03.08.

  • Proposed changes to the previously approved Program Delivery and Financial Plan (PDFP) for Year 6 (2019-20) of the Investment in Affordable Housing Program Extension (2014) (IAHE): IAHE ProgramYear 6 (2019-20)Approved PDFP Currently, at May 31, 2019, the Revolving Loan Funds for (a) Affordable Home Ownership is at$25,200.

  • Applicants should read the Regulations carefully before completing their Proposals.AHC's Affordable Home Ownership Development Program The Affordable Home Ownership Development Program (AHODP) is a state funded program administered by the New York State Affordable Housing Corporation (AHC) through New York State Homes and Community Renewal’s Office of Community Renewal (OCR).

  • The Program Manager, Housing Services, consulted with Habitat for Humanity Canada–Chatham- Kent on their planned builds for April 2019 to March 2022 and expected requests for Affordable Home Ownership funding and was advised to expect another request in 2021.

Related to Affordable Home Ownership

  • Affordable housing means, unless the context clearly

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis- St. Paul- Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Affordable Unit means a housing unit proposed or created pursuant to the Act and approved for crediting by the Court and/or funded through an affordable housing trust fund.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Affordable Units means units that have rents that do not

  • Residential care home or “RCH” means a residential care home as defined and licensed under the Residential Care Homes (Elderly Persons) Ordinance (Cap. 459), or as defined and issued with a licence or certificate of exemption under the Residential Care Homes (Persons with Disabilities) Ordinance (Cap. 613), or the boarding section of a special school subvented under the Education Bureau, or the residential facilities of the Skills Centre (Tuen Mun) of Vocational Training Council, or a nursing home as referred to in the Hospitals, Nursing Homes and Maternity Homes Registration Ordinance (Cap. 165) which provides residential services for persons aged 60 or above in Hong Kong.

  • Family child care home means a private home in which 1 but fewer than 7 minor children are received for care and supervision for compensation for periods of less than 24 hours a day, unattended by a parent or legal guardian, except children related to an adult member of the household by blood, marriage, or adoption. Family child care home includes a home in which care is given to an unrelated minor child for more than 4 weeks during a calendar year. A family child care home does not include an individual providing babysitting services for another individual. As used in this subparagraph, "providing babysitting services" means caring for a child on behalf of the child's parent or guardian if the annual compensation for providing those services does not equal or exceed $600.00 or an amount that would according to the internal revenue code of 1986 obligate the child's parent or guardian to provide a form 1099-MISC to the individual for compensation paid during the calendar year for those services.

  • Orthodontic means a type of specialist dental treatment carried out by an orthodontist that diagnoses, prevents and corrects mispositioned teeth and jaws and misaligned bite patterns.

  • Cooperative means a housing corporation or association which

  • Family or “family member” means your spouse, and any child, stepchild, parent, or parent-in-law who receives more than one-half of his or her support from you or from whom you receive more than one-half of your support.

  • Affordable Care Act means the Patient Protection and Affordable Care Act of 2010 (Pub. L. 111–148), as amended by the Health Care and Education Reconciliation Act of 2010 (Pub. L. 111–152).

  • Family day care home means a unit registered under Title 5, Subtitle 5 of the Family Law Article.

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Farmworker Household means a household of one or more persons wherein at least one member of the household is a Farmworker at the time of initial occupancy.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Mobile home lot means a portion of a mobile home park or manufactured housing community designated as the location of one mobile home, manufactured home, or park model and its accessory buildings, and intended for the exclusive use as a primary residence by the occupants of that mobile home, manufactured home, or park model;