Rehabilitation Loan definition

Rehabilitation Loan means a qualified rehabilitation loan within the meaning of Section 143(k)(5) of the Internal Revenue Code of 1986, as that section may be amended or renumbered;
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Rehabilitation Loan means, unless specified in a Commission Notice, a Mortgage Loan originated for the rehabilitation of a Residence to the extent permitted by the Act and as qualified by the provisions thereof and in accordance with the requirements of Section 143 of the Code.
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Rehabilitation Loan means a qualified rehabilitation loan within the meaning of Section 143(k)(5) of the Internal Revenue Code of 1986 [26 USCS § 143(k)(5)], as that section may be amended or renumbered;
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Examples of Rehabilitation Loan in a sentence

  • FHA HUD 203(k) Home Rehabilitation Loan Program: Whereas HUD desires to see current housing stock rehabilitated, this program provides owner occupants of existing homes, or intended owner occupants who are looking to purchase a home, readily available mortgage money to refinance/rehabilitate or purchase/rehabilitate their homes, respectively.

  • The City shall be provided with a Mortgagee’s Title Insurance Policy satisfactory to the City, in the amount of the Rehabilitation Loan, and issued by a title insurance company licensed in the State of Wisconsin.

  • Housing Repair and Rehabilitation Loan: Also administered by USDA, this program is a loan for rehabilitation provided applicants meet the same standards as the grant above.

  • The CDP Housing Rehabilitation Loan Program develops and implements projects through the services of licensed and insured rehab specialists and general contractors who have registered their credentials, including excellent references, to the staff program manager.

  • The local agency may elect to instead deposit the fine into the Building Homes and Jobs Fund, if Senate Bill 2 of the 2017–18 Regular Session is enacted, or otherwise in the Housing Rehabilitation Loan Fund.

  • After five years, if the funds have not been expended, the money shall revert to the state and be deposited in the Building Homes and Jobs Fund, if Senate Bill 2 of the 2017–18 Regular Session is enacted, or otherwise in the Housing Rehabilitation Loan Fund, for the sole purpose of financing newly constructed housing units affordable to extremely low, very low, or low-income households.

  • Terminates the Section 312 Rehabilitation Loan program (effective one year after the date of enactment of title I) (but the program was later extended periodically until October 1, 1991).

  • Any Ticket(s) re-sold or transferred for profit or commercial gain or obtained or used in breach of these Experience Terms will become voidable and the person seeking to use such a Ticket may be refused entry to, or ejected from an Experience without refund.

  • The cumulative total comprised of pay-offs received since the close of fiscal year 1997, the year that the first Home Rehabilitation Loan program was awarded a City of Ashland CDBG grant, is $49,217.

  • The City has not received program income from the Housing Rehabilitation Loan program since 2007.


More Definitions of Rehabilitation Loan

Rehabilitation Loan means a loan, advance of credit, or purchase of an obligation representing a loan or advance of credit, made for the purpose of financing:
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Rehabilitation Loan means a mortgage loan the
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Rehabilitation Loan. Regional development-type project evaluation
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Rehabilitation Loan means a Mortgage Loan, the proceeds of which are used to finance the acquisition and renovation or rehabilitation of existing real property.
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Rehabilitation Loan means a Mortgage Loan, the proceeds of which are used to finance the acquisition and renovation or rehabilitation of existing real property; provided, however, that at the time the Borrower requests an Initial Advance as to such Mortgage Loan, 25% or more of the total square footage of the then existing building improvements shall be subject to a lease that: (i) is currently in full force and effect with no material defaults; (ii) is with a tenant paying rent on a current basis without deferral, credit or qualification, except for a reasonable reduction for inconvenience during rehabilitation; and (iii) does not expire until after a date that is six months following the anticipated date of completion of such renovation or rehabilitation (other than tenant improvement work) set forth in the applicable construction plans delivered by the Borrower to the Lender. If less than 25% of the total square footage of the then existing building improvements is subject to such a lease at the time the Borrower requests an Initial Advance as to such Mortgage Loan, such Mortgage Loan shall be deemed a Construction Loan for all purposes under this Agreement. If the underlying mortgagor/borrower leases more than 25% of the total square footage of the then existing building improvements subsequent to the Borrower's request for an Initial Advance as to such Mortgage Loan, the Borrower may request the Lender to recharacterize such Mortgage Loan as a Rehabilitation Loan. The Borrower may also request the Lender to recharacterize a Rehabilitation Loan as a different asset classification. The Lender, in its sole discretion, may (but shall not be required to) consider such requests.
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Rehabilitation Loan means the rehabilitation loan in the amount of Seven Hundred Ninety Nine Thousand Three Hundred Seventy Dollars ($799,370) made by the Former RDA to the Original Borrower pursuant to that certain Housing Rehabilitation Loan Agreement dated as of December 6, 2007, as amended by that certain First Amendment to Housing Rehabilitation Loan Agreement dated December 11, 2009, which is evidenced by the Rehabilitation Note.
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Related to Rehabilitation Loan

  • Rehabilitation Program means a written vocational rehabilitation program:

  • Rehabilitation means the repair, renovation, alteration or reconstruction of any building or structure, pursuant to the Rehabilitation Subcode, N.J.A.C. 5:23-6.

  • Rehabilitation Plan means a written plan designed to enable the Employee to return to work. The Rehabilitation Plan will consist of one or more of the following phases:

  • Rehabilitation facility means a facility that is operated for the primary purpose of assisting in the rehabilitation of disabled individuals by providing comprehensive medical evaluations and services, psychological and social services, or vocational evaluation and training or any combination of these services and in which the major portion of the services is furnished within the facility.

  • Rehabilitation Hospital means an Institution which mainly provides therapeutic and restorative services to Sick or Injured people. It is recognized as such if:

  • Certified rehabilitation means repairs or alterations consistent with the Secretary of the Interior’s Standards for Rehabilitation and certified as such by the State Historic Preservation Officer before commencement of the work. The review by the State Historic Preservation Officer shall include all repairs, alterations, rehabilitation, and new construction on the certified historic residential structure and the property on which it is located. To qualify for the credit, the taxpayer shall receive documentation from the State Historic Preservation Officer verifying that the completed project was rehabilitated in accordance with the standards for rehabilitation. The rehabilitation expenses must, within a thirty‑six‑month period, exceed fifteen thousand dollars. A taxpayer shall not take more than one credit on the same certified historic residential structure within ten years.

  • Community-based rehabilitation means one or more of the

  • Community rehabilitation program means a program that provides directly or facilitates the provision of one or more of the following vocational rehabilitation services to individuals with disabilities to enable those individuals to maximize their opportunities for employment, including career advancement:

  • Rehabilitation services means face-to-face individual or group services provided by qualified staff to develop skill necessary to perform activities of daily living and successful integration into community life.

  • Qualified rehabilitation expenditures means capital

  • Habilitation means the process by which a person is assisted

  • Substantial rehabilitation means, with respect to the SAIL Program, to bring a Development back to its original state with added improvements, where the value of such repairs or improvements (excluding the costs of acquiring or moving a structure) exceeds 40 percent of the appraised as is value (excluding land) of such Development before repair and less than 50 percent of the proposed construction work consists of new construction. For purposes of this definition, the value of the repairs or improvements means the Development Cost. To be considered “Substantial Rehabilitation,” there must be at least the foundations remaining from the previous structures, suitable to support the proposed construction.

  • Rehabilitative employment means any occupation or employment for wage or profit or any course or training that entitles the disabled employee to an allowance, provided such rehabilitative employment has the approval of the employee’s doctor and the underwriter of the Plan. If earnings are received by an employee during a period of total disability and if such earnings are derived from employment which has not been approved as rehabilitative employment, then the regular monthly benefit from the Plan shall be reduced by one hundred percent (100%) of such earnings.

  • Vocational rehabilitation services means the unit of vocational rehabilitation established in IC 12-12-1-2(2) as a unit of the rehabilitation services bureau in DDRS.

  • Rehabilitative services means specialized services provided by a therapist or a therapist’s assistant to a resident to attain optimal functioning, including, but not limited to, physical therapy, occupational therapy, speech and language therapy, and audiology.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Rehabilitation counseling services means services provided by qualified personnel in individual or group sessions that focus specifically on career development, employment preparation, achieving independence, and integration in the workplace and community of a student with a disability. The term also includes vocational rehabilitation services provided to a student with disabilities by vocational rehabilitation programs funded under the Rehabilitation Act of 1973, as amended.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Family day home means a child day program offered in the residence of the provider or the home of any of the children in care for one through 12 children under the age of 13, exclusive of the provider's own children and any children who reside in the home, when at least one child receives care for compensation. The provider of a licensed or registered family day home shall disclose to the parents or guardians of children in their care the percentage of time per week that persons other than the provider will care for the children. Family day homes serving five through 12 children, exclusive of the provider's own children and any children who reside in the home, shall be licensed. However, no family day home shall care for more than four children under the age of two, including the provider's own children and any children who reside in the home, unless the family day home is licensed or voluntarily registered. However, a family day home where the children in care are all related to the provider by blood or marriage shall not be required to be licensed.

  • REO Companion Loan Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Covered Home Loans as that term was defined in clause (1) of the definition of that term in the New Jersey Home Ownership Security Act of 2002 that were originated between November 26, 2003 and July 7, 2004), "high risk home," "predatory" or similar loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees) or (c) a Mortgage Loan categorized as High Cost pursuant to Appendix E of Standard & Poor's Glossary. For avoidance of doubt, the parties agree that this definition shall apply to any law regardless of whether such law is presently, or in the future becomes, the subject of judicial review or litigation.

  • Specially Serviced Loan Any Serviced Loan (including a related REO Mortgage Loan or REO Companion Loan) as to which any of the following events has occurred:

  • Single-family housing means housing accommodations designed as a residence for not more than 1 family.

  • Fraud Loan A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.

  • 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.