Nonprofit housing sponsor definition

Nonprofit housing sponsor means a housing cooperative formed under Title 35, chapter 15, or a nonprofit corporation formed under Title 35, chapter 2, restricted as to distribution of income and regulated as to rents, charges, rate of return, and methods of operation as the board determines necessary, and whose articles of incorporation provide in addition that:
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Nonprofit housing sponsor means a housing sponsor which is organized not for profit and may be required by the authority to agree not to receive any limited dividend distributions from the ownership and operation of a housing development.
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Nonprofit housing sponsor means any corporation not for profit organized under the provisions of ORS chapter 65 for the purpose of undertaking, constructing or operating a housing project, or authorized by its charter to undertake, construct or operate a housing project.
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More Definitions of Nonprofit housing sponsor

Nonprofit housing sponsor means a housing cooperative formed under Title 35, chapter 15, or a
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Nonprofit housing sponsor means any corporation not for profit organized un- der the provisions of ORS chapter 65 for the purpose of undertaking, constructing or op- erating a housing project, or authorized by its charter to undertake, construct or oper- ate a housing project.
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Nonprofit housing sponsor means any corporation not for profit organized un- der the provisions of ORS chapter 65 for the purpose of undertaking, constructing or op-
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Nonprofit housing sponsor or “nonprofit corporation” means a nonprofit corporation incorporated pursuant to Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code or a corporation or association which is, or will be qualified as, a cooperative housing corporation for purposes of subdivision (a) of Section 17265 of the Revenue and Taxation Code, a nonprofit student housing cooperative, or a limited equity housing cooperative and which is certified by the agency as qualified to own a housing development if financed or assisted by the agency. However, a limited equity housing cooperative shall not be deemed to be nonprofit for the purpose of Chapter 10 (commencing with Section 50775).
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Related to Nonprofit housing sponsor

  • Housing sponsor for purposes of this section, means the

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  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Career teacher means a teacher who: