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 Mortgage Loan, the proceeds of which are used to finance the acquisition and renovation or rehabilitation of existing real property.
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Examples of Rehabilitation Loan in a sentence

  • Borrower certifies and affirms: The rehabilitation construction and/or improvements to the above-mentioned Property, as outlined in the Rehabilitation Loan Agreement (the “Loan Agreement”) and the Homeowner/Contractor Agreement and any approved written Change Orders, have been completed in a workmanlike manner to my/our satisfaction.

  • The Marin Housing Authority agrees to proceed with rehabilitation of each house only after approval of each loan by the Rehabilitation Loan Committee.

  • Funds that are not disbursed within fifty-eight months of the budget appropriation will revert to the Housing Rehabilitation Loan Fund.

  • PROJECT AREA The Rehabilitation Loan Program will be available to homeowners throughout Marin County.

  • The Housing Authority, the County and Borrower are parties to a HOME Rehabilitation Loan Agreement dated as of December 21, 1994 (the "Loan Agreement"), pursuant to which the Housing Authority loaned Borrower One Hundred Twenty-Five Thousand Thirty Dollars ($125,030) (the “Loan”) for the rehabilitation of the real property located at 000 Xxxx Xxxxxx, xx xxx Xxxx xx Xxxxxxxxx, Xxxxxx of Contra Costa, State of California, as more particularly described in Exhibit A (the "Property").

  • 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.

  • Borrowers and Accommodation Parties executed this Rehabilitation Loan Program Mortgage on the day and date first above written.

  • Purpose The Agency has received a grant of federal HOME funds from HUD which the Agency uses, in part, to fund its Single-Family Rehabilitation Loan Pool Program.

  • The Commission agrees to administer all Agency Funds pursuant to the terms of this Agreement and the Xxxxx Vista Redevelopment Project Area Housing Rehabilitation Loan Program Guidelines as detailed within Exhibit B, except as otherwise provided in this Agreem ent, the Com m ission using the fifteen percent (15 %) administrative fee as provided in Article 8 of this Agreement, agrees to secure all necessary personnel to implement such programs.

  • Borrowers are obligated, at the time of occurrence of certain events, to repay to the Lender the Loan all in accordance with the provisions set forth in that certain Rehabilitation Loan Program Note (hereinafter referred to, along with any amendments, modifications, renewals, extensions, substitutions, or restatements thereof, as the “Note”).


More Definitions of Rehabilitation Loan

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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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. Regional development-type project evaluation
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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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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 non-residential facility that provides therapy and training rehabilitation services at a single location in a coordinated fashion, by or under the supervision of a physician pursuant to the law of the jurisdiction in which treatment is provided. The center may offer occupational therapy, physical therapy, vocational training, and special training such as speech therapy. The facility may be either of the following:

  • 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 any rehabilitation of a certified historic structure

  • 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 professional services reasonably necessary during or after, or both during and after, medical treatment to enable a disabled injured employee to return to gainful employment as soon as practical. "Vocational rehabilitation services" includes vocational evaluation, retraining and job placement.

  • 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.

  • Educational loan means a loan made by the authority to an institution.

  • 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.

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

  • 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:

  • 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.

  • Housing project means a project, or distinct portion of a

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.