Direct Subsidy definition

Direct Subsidy means the amount funded by the Bank, in association with its AHP as prescribed by the applicable rules and regulations of the Federal Housing Finance Agency (FHFA), for the benefit of the prospective Owner and for the purpose of assisting such Owner in the purchase, construction, or rehabilitation of the property.
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Direct Subsidy means the amount funded by the Bank for the benefit of Owner, for the purpose of assisting Owner in the purchase, construction, or purchase in conjunction with rehabilitation of the Property, which Direct Subsidy shall not exceed $ {insert AMOUNT OF DIRECT SUBSIDY}.
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Direct Subsidy means the granting of revenue by the Government—
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Examples of Direct Subsidy in a sentence

  • For HOME-assisted homebuyer units under the recapture option, the period of affordability is based upon the HOME-funded Direct Subsidy provided to the homebuyer that enabled the homebuyer to purchase the unit.

  • Specifically, Recapture Provisions are always used in cases involving a Direct Subsidy to a homebuyer.

  • LPCUWC is a member of the Direct Subsidy Scheme - it receives a full grant for each Hong Kong student attending the College.

  • Noncompliance is the failure of a Member or Sponsor to comply with the terms of Section 10(j) of the FHLB Act or the Regulation, this Implementation Plan, the Bank’s policies, procedures, guidelines and instructions covering among other things, the use of the Bank’s AHP funds under the AHP (“the Bank’s AHP Policies and Procedures”), the AHP Direct Subsidy Agreement, and any commitments made in an AHP Application to the Bank.

  • The Medicare Part D baseline for the Part D Direct Subsidy will be set at the Part D national average monthly bid amount (NAMBA) for the calendar year.

  • If a homeowner chooses to sell or use the property for non-eligible HOME Program activities during the Period of Affordability, the full amount of the HOME Program Direct Subsidy (specifically excluding the amount of any Development Subsidy) shall be recaptured and repaid to the PJ provided that net proceeds are sufficient.

  • MDHA may choose to forgive a portion of the HOME Program Direct Subsidy subject to recapture on a pro-rata basis over the affordability period.

  • MAIN PUBLIC ENTRANCE The Hotel shall ensure that its main public entrance is accessible to, and usable by, persons with disabilities, including persons using wheelchairs for mobility.

  • We are a Direct Subsidy Scheme (DSS) school not participating in Secondary School Places Allocation (SSPA).

  • HKBUAS Wong Kam Fai Secondary and Primary School (Primary Section) is a whole-day EMI primary school operating under the Direct Subsidy Scheme.


More Definitions of Direct Subsidy

Direct Subsidy means a direct cash payment, provided that if a Direct Subsidy is provided to a project to reduce the interest rate on a loan extended by Member, Project Sponsor, Project Owner or other party to the Project, the Direct Subsidy shall equal the net present value of the interest foregone from making the loan below the lender’s market interest rate (calculated as of the date the Application was submitted to the Bank and subject to adjustment under Section 9.3 below and at a rate equal to the lender’s market interest rate).
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Direct Subsidy means the amount funded by the Bank, in association with its AHP as prescribed by the applicable rules and regulations of the Federal Housing Finance Agency (“FHFA”), for the benefit of the prospective Lessee/Grantor and for the purpose of assisting such Lessee/Grantor for purchase, for purchase in conjunction with rehabilitation, or for construction of the Property as permitted by the applicable AHP program.
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Related to Direct Subsidy

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, leasing, developing, constructing or acquiring energy generating, transmission or distribution assets, or assets related thereto, or any other power or energy facility or any assets related thereto, and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Subsidy means the difference between the amount of periodic

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;

  • Separate Business means each of the activities of the Licensee connected

  • Project Finance Entity means: (a) a holder, trustee or agent for holders, of any component of Project Financing; or (b) any purchaser of capacity and/or energy produced by the Customer Facility to which Interconnection Customer has granted a mortgage or other lien as security for some or all of Interconnection Customer’s obligations under the corresponding power purchase agreement.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • 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.

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Special Assessments means any of the following, except as otherwise provided in subsection (6):

  • Participating Retail Store means any one of the Australian retail stores trading under the following trading names that is authorised by Breville to sell Participating Products and has been invited by the Promoter to participate in the Promotion:

  • Basic hospital cover means a hospital policy that includes the clinical categories that must be covered by a basic hospital product.

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • 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.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).