New HOP definition

New HOP means the Corporation’s New Housing Opportunities Program.
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Examples of New HOP in a sentence

  • The first mortgage loans under New HOP have been, or are expected to be, financed by the proceeds of obligations issued under the Housing Revenue Bond Program.

  • New HOP projects are financed with a first mortgage loan funded from taxable or tax-exempt bonds proceeds and a subordinate mortgage loan funded from the Corporation’s reserves.

  • The result of the studies, finishing with the Master/Bachelor thesis, is counted as in the following formula: X= ½ a +1/4 b+ ¼ c 4.

  • At least 20 percent of the units must be affordable to families with incomes less than 50 percent of the median income, at least 30 percent of the units must be affordable to middle-income households (as defined by the New HOP program), and the remaining 50 percent may be rented at market rents.58 Among the many challenges involved in developing mixed-income developments are obstacles to using Low-Income Housing Tax Credits in a mixed-income context.

  • Under this program, the city provides tax-exempt financing along with a subsidized second mortgage provided through the New Housing Opportunities Program (New HOP) to finance developments with a mix of incomes.

  • There are nine New HOP cooperative developments, seven of them standard co-ops and two structured as limited-equity buildings (in which tenants’ purchase prices are lower but the return on their investment is capped).

  • The exception to this, unless otherwise noted, is with HDC’s New HOP programs.

  • New HOP Grant Requests:Pathways Vermont – They’d like to expand a program to include those who are not veterans as opposed to only veterans like it has been.

  • Furthermore, the New HOP loans will eventually be paid back, and can be used to pay for more units, while funding for extremely low-income households is typically given as a grant or forgivable loan.Using the HDC reserve funds for middle-income rather thanfor extremely low-income households effectively allows the subsidy of at least an additional 4,600 units, more than tripling the number of apartments that can be built.

  • And some New HOP buildings include low-income and/or market- rate units which receive different types of financing and have different rent structures than the middle income New HOP units.

Related to New HOP

  • New Home means every newly constructed private dwelling unit and the fixtures and structure that are made a part of a newly constructed private dwelling unit at the time of construction.

  • New Holdings shall have the meaning provided in the definition of the term “Holdings”.

  • New Holdco means the direct or indirect Subsidiary of the Ultimate Parent following the Post-Closing Reorganizations.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • CMD means the Contract Monitoring Division of the City.

  • Fabric refresher means a product labeled to neutralize or eliminate odors on nonlaundered fabric including, but not limited to, soft household surfaces, rugs, carpeting, draperies, bedding, automotive interiors, footwear, athletic equipment, clothing and/or on household furniture or objects upholstered or covered with fabrics such as, but not limited to, wool, cotton, or nylon. “Fabric Refresher” does not include “Anti-static Product,” “Carpet/Upholstery Cleaner,” “Footwear or Leather Care Product,” “Spot Remover,” or “Disinfectant,” or products labeled for application to both fabric and human skin.

  • New Company has the meaning given to it in Clause 21.3 of the Trust Deed;

  • OCONUS is defined as other than the 48 contiguous states plus the District of Columbia. It is anticipated that there may be task orders for work OCONUS. The U.S. Department of State’s Bureau of Administration, Office of Allowances, publishes quarterly report indexes of living costs abroad, per-diem rate maximums, quarter’s allowances, hardship differentials, and danger pay allowances. The Department of State Standardized Regulations (DSSR) is the controlling regulations for allowances and benefits available to all U.S. Government civilians assigned to foreign areas. For task orders issued under OASIS SB, Contractor civilians assigned to foreign areas may receive the allowances and benefits in the DSSR but, shall not receive allowance and benefits in excess of those identified in the DSSR. For OCONUS task orders where costs are not specifically addressed in the DSSR, the Government will reimburse the Contractor for all reasonable, allowable, and allocable costs in accordance with FAR 31, Contract Cost Principles and Procedures, and other applicable agency specific regulatory supplements.

  • Comcast means Comcast Corporation, a Pennsylvania corporation.

  • HSP means HUB subcontracting plan, as described in Chapter 2161 of the Texas Government Code.

  • CDDP means "Community Developmental Disabilities Program".

  • Ambulatory surgical center means any public or private State licensed and approved (whenever required by law) establishment with an organized medical staff of Physicians, with permanent facilities that are equipped and operated primarily for the purpose of performing Surgical Procedures, with continuous Physician services and registered professional nursing service whenever a patient is in the facility, and which does not provide service or other accommodations for patients to stay overnight.

  • Apple means Apple Inc., a California corporation with its principal place of business at Xxx Xxxxx Xxxx Xxx, Xxxxxxxxx, Xxxxxxxxxx 00000, U.S.A.

  • NEO or “named executive officer” means each of the following individuals:

  • Opium poppy means the plant of the species Papaver somniferum L., except its seeds.

  • Marijuana retailer means a person who sells marijuana items to a consumer in this state.

  • CDBG means community development block grant.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Garden State Growth Zone or "growth zone" means the four

  • POPI means the Protection of Personal Information Act 4 of 2013, as amended from time to time, together with any regulations issued from time to time in terms thereof;

  • ATC means a measure of the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

  • CDD means information and documentation required to:-

  • LTC shall have the meaning set forth in the introductory paragraph hereof.

  • the Caxton Foundation means the charitable trust of that name established on 28th March 2011 out of funds provided by the Secretary of State for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with its provisions;

  • OGTR means the Office of the Gene Technology Regulator.

  • child care element of working tax credit means the element of working tax credit prescribed under section 12 of the Tax Credits Act 2002 (child care element).