Limited Dividend Organization definition

Limited Dividend Organization means any applicant which proposes to sponsor housing under M.G.L. c. 40B; and is not a public agency; and is eligible to receive a subsidy from a state or federal agency and which agrees to limit the dividend on its actual invested equity to the maximum amount allowed by the applicable statute or regulations governing the pertinent housing program (see Section 3.01(i)).
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Limited Dividend Organization means any entity which proposes to sponsor housing under the Act, is not a public agency or a nonprofit, is eligible to receive a subsidy from a state or federal agency after a comprehensive permit has been issued and which, unless otherwise governed by a federal act or regulation, agrees to comply with the requirements of said subsidizing agency relative to a reasonable return for building and operating its proposed housing project.
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Limited Dividend Organization means any entity which proposes to sponsor a project under the M.G.L. c. 40B, §§ 20 through 23; and is not a public agency or a nonprofit; and is eligible to receive a Subsidy from a Subsidizing Agency after a Comprehensive Permit has been issued and which, unless otherwise governed by a federal act or regulation, agrees to comply with the requirements of the Subsidizing Agency relative to a reasonable return for building and operating the project.
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Examples of Limited Dividend Organization in a sentence

  • Low or Moderate Income Housing – means any units of housing for which a Subsidizing Agency provides a Subsidy under any program to assist the construction or substantial rehabilitation of low or moderate income housing, as defined in the applicable federal or state statute or regulation, whether built or operated by any public agency or non-profit or Limited Dividend Organization.

  • The financial feasibility of the Project, what constitutes a reasonable return for a Limited Dividend Organization, or whether the Applicant is likely to earn reasonable return, except that evidence may be heard which is directly relevant to the issue of whether conditions would make the Project Uneconomic in accordance with 760 CMR 56.05(6) and (8)(d).

  • Limited Dividend Organization – means any entity which proposes to sponsor a Project underM.G.L. c.

  • Following the issuance of a Comprehensive Permit, a Project for which the Developer is a Limited Dividend Organization shall be subject to the following limitations on reasonable return as determined by the Subsidizing Agency, in accordance with guidelines issued by the Department.

  • In order to issue Site Approval MassHousing must find (as required by 760 CRM 56.04 (4)) that the applicant is either a non-profit public agency or would be eligible to apply as a Limited Dividend Organization and meets the general eligibility standards of the program.

  • Limited Dividend Organization – means any entity which proposes to sponsor a Project underM.G.L. c.40B, §§ 20 through 23; and is not a public agency or a nonprofit; and is eligible to receive a Subsidy from a Subsidizing Agency after a Comprehensive Permit has been issued and which, unless otherwise governed by a federal act or regulation, agrees to comply with the requirements of the Subsidizing Agency relative to a reasonable return for building and operating the Project.

  • Further, if the regional meeting is successfully achieved with effective collaboration between SPAW and CITES, implementation of recommendations could be made by States not Party to the IAC, leading to truly region-wide benefits for the species.

  • MassHousing finds that the Applicant must be organized as a Limited Dividend Organization.

  • The Applicant is a public agency, a non-profit organization, or a Limited Dividend Organization.

  • Based on the materials submitted by the Applicant, the Board makes the following findings with respect to the requirements of 760 CMR 56.04(1): (a) The Applicant shall be a public agency, a non-profit organization, or a Limited Dividend Organization The Applicant to the Board is Community Housing Resources, Inc.


More Definitions of Limited Dividend Organization

Limited Dividend Organization means an entity eligible as a limited dis­ tribution mortgagor under section 221 of the National Housing Act and § 221.510
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Limited Dividend Organization means a corporation, partnership, or other organization, other than a public agency, which by its governing articles of organization or partnership agreement prohibits distribution with respect to any one year of operation of more than 10% on said entity's equity in the Project. Equity in the Project shall be the difference between the amount provided by the Capital Source(s) to the Project and the total cost of the Project, including, where applicable, a Builder's and Sponsor's Risk Allowance (BSPRA) equal to twenty percent (20%) of the total Project cost net of land, BSPRA, and syndication costs.>
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Limited Dividend Organization means a corporation, partnership or other organization, other than a public agency, which by its governing articles of organization or partnership agreement prohibits distribution with respect to any one year of operation of more than a certain percentage of owner's equity in the project,
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Limited Dividend Organization means any applicant which proposes to sponsor housing under
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Related to Limited Dividend Organization

  • Registered Organization is any “registered organization” as defined in the Code with such additions to such term as may hereafter be made.

  • Community-based organization means a public or private nonprofit organization that is representative of a community or a significant segment of a community, and is engaged in meeting human, educational, environmental, or public safety community needs.

  • Faith-based Organization means a religious organization that is or applies to be a contractor to provide goods or services for programs funded by the block grant provided pursuant to the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, P.L. 104-193.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Stewardship organization means an organization, association, or

  • Nonprofit organization means a university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26 U.S.C. 501(c) and exempt from taxation under section 501(a) of the Internal Revenue Code (25 U.S.C. 501(a)) or any nonprofit scientific or educational organization qualified under a state nonprofit organization statute.