Resident ownership definition

Resident ownership means, depending on the con- text, either the ownership, by a resident organization, as defined in this section, of an interest in a mobile home park which entitles the resident organization to control the opera- tions of the mobile home park for a term of no less than fif- teen years, or the ownership of individual interests in a mobile home park, or both.
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Resident ownership means, depending on the context, either
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Resident ownership means, depending on the context, either the ownership by a resident organization of an interest in a mobilehome park that entitles the resident organization to control the operations of the mobilehome park for a term of no less than 15 years, or the ownership of individual interests in a mobilehome park, or both.
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Examples of Resident ownership in a sentence

  • The DDA also requires that, as a condition to the close of escrow, SCH shall have timely applied for, and attempted to obtain, with all due diligence, the following loans the following programs: Mobile Home Park Resident Ownership Program.

  • The DDA also requires that, as a condition to the close of escrow, SCH shall have timely applied for, and attempted to obtain, with all due diligence, the following loans the following programs: Mobile Home Park Resident Ownership Program, the State of California, in the amount of $1,500,000 (the “MPROP Loan”).

  • The bill also establishes the new California Dream for All first-time homebuyer assistance program and makes technical changes to several housing programs, including the Portfolio Reinvestment Program, the Housing Accelerator Program, the Excess Sites Local Government Matching Grants Program, the Foreclosure Intervention Housing Preservation Program, the Mobilehome Park Rehabilitation and Resident Ownership Program, and the Infill Infrastructure Grant Program.

  • The xxxx also establishes the new California Dream for All first-time homebuyer assistance program and makes technical changes to several housing programs, including the Portfolio Reinvestment Program, the Housing Accelerator Program, the Excess Sites Local Government Matching Grants Program, the Foreclosure Intervention Housing Preservation Program, the Mobilehome Park Rehabilitation and Resident Ownership Program, and the Infill Infrastructure Grant Program.


More Definitions of Resident ownership

Resident ownership means, depending on the context, either the ownership, by a
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Resident ownership. A resident ownership structure would require that the residents be in a position to own and manage the project. The residents would assume all responsibilities, and liabilities associated with the role of a park owner, as well as select the property manager. A resident ownership project would no longer be subject to rent control, and there would be limited funding available from the Redevelopment Agency and other funding sources. It is anticipated that residents would be required to contribute funding to cover the acquisition expenses and would also experience higher on-going housing costs to help cover the improvement costs.
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Resident ownership means, depending on the context,
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Resident ownership means, depending on the
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Resident ownership means, depending on the context, either the ownership, by a resident organization, as defined in this section, of an interest in a mobile and manufactured home park which entitles the resident
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Resident ownership means, depending on the context, either the ownership, by a resident organization, as defined in this section, of an interest in a mobile and
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Related to Resident ownership

  • Resident Personnel means such persons who at the time of being so hired had their domicile inside India;

  • Family or “family member” means your spouse, and any child, stepchild, parent, or parent-in-law who receives more than one-half of his or her support from you or from whom you receive more than one-half of your support.

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Residential care facility means an institution, residence, or facility that is licensed by the department of mental health under section 5119.22 of the Revised Code and that provides care for a child.

  • Business Centre means each of the places so specified in the relevant Pricing Supplement.

  • Resident bidder means a bidder that has paid unemployment taxes or income taxes in this state during the 12 calendar months immediately preceding submission of the bid, has a business address in this state and has stated in the bid whether the bidder is a “resident bidder” under this paragraph.

  • Cemetery means 1 or a combination of more than 1 of the following: