Shared Equity Housing definition

Shared Equity Housing means that the individual owner of a Residential Unit, whilst bearing to own a 100% share of a Residential Unit, owns a part agreed share with the remaining share secured to a Registered Social Landlord or Scottish Ministers or other such landlord or body as may be approved by the Council;
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Shared Equity Housing. The Owner hereby cove 1.1 Not to Commence Phase unless an has been submitt (The Affordable H include:- a timeta Phase; and the p Phase; and the lo that Phase; the m the Registered P Phase) and a dwelling let on a shared ownership lease where the freehold and at least 25% of the equity is vested in the Council or a Registered Provider with power to the leaseholder to increase their degree of ownership up to 100% if they so wish but not before five years have elapsed from the date of the lease with any payment due in respect of the Councils equity payable to the Council the form of lease to be approved by the Council such approval not to be unreasonably withheld. nants with the Council as follows: or allow Commencement of the Development in any d until the Affordable Housing Scheme for that Phase ed to and approved by the Housing Policy Officer. ousing Scheme for each Phase shall deal with and ble and programme for its implementation in that rovision of the Affordable Housing Units in that cation of each of the Affordable Housing Units within ix of dwelling types to be provided in that Phase and rovider to whom they are to be transferred in that 15 Upon approval, the Affordable Housing Scheme for each Phase shall be deemed to be incorporated into the provisions of this Agreement
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Shared Equity Housing means the individual owner of a residential unit whilst bearing to own a 100% share of a residential unit owns a part agreed share with the remaining share secured to a registered social landlord or Scottish Ministers or other such landlord or body as may be approved by the Council; “shared ownership housing” means the individual owner purchases part of the residential unit, with the remaining share of the residential unit remaining in the ownership by a Registered Social Landlord. The individual owner pays rent for the share of the residential unit retained by the Registered Social Landlord. The Registered Social Landlord benefits from any equity gain when the house is sold;
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Examples of Shared Equity Housing in a sentence

  • Shared Equity Housing Properties developed under the Scottish Government’s shared equity initiative are funded by grant and ultimate sales proceeds.

  • That the Committee has taken into consideration and agrees with the reasons for the recommendation set out in the report and resolves to GRANT a second Deed of Variation to the S106 Agreement so that the developer is obligated to provide all seven units in the form of Shared Ownership Housing and/or as Shared Equity Housing.

  • Two popular financial models are Low (or Shared) Equity Housing, and Community Land Trusts.

  • ROUND 12 FUNDING AMOUNT Round 12: ARPA Special Funding will consist of $17,704,856 in American Rescue Plan Act (ARPA) funding for three initiatives:• ARPA Aging in Place – Shared Housing Improvements $ 1,200,000• ARPA Innovative Housing Solutions – Cooperative Housing for Families $ 7,000,000• ARPA Shared Equity Housing $ 9,504,856Total ARPA Funding Round 12 $17,704,856Small organizations with budgets of under $2M can apply for the Small Organization Set-Aside.

  • The ARPA Shared Equity Housing is intended to fund the creation or preservation of housing for shared equity homeownership for populations with incomes at or below 80% AMI with historical barriers and demonstrated inequities in homeownership.

  • Annex A: List of Organizations Contacted for Profiles 29 Annex B: Key Informant Interview Guide 30 Annex C: Profiles of Shared Equity Housing Models in Canada 32 1.

  • Another 36.6% were aware of SEH programs, but nearly half (46.8%) had no knowledge of, or involvement in SEH.Housing Stakeholders' Knowledge of Shared Equity Housing (Q.4)(percentages based on 499 responses) 9.2%45.5%45.3%Very familiarSomewhat familiar Not at all familiar Awareness/involvement by organization type: To explore awareness in more detail, the awareness and involvement in SEH was analyzed across organization types (see Table 1, below).

  • San Francisco Redevelopment Agency (predominantly a DRH model) For these three programs, additional documents and telephone interviews with executive directors and supporting staff were collected to compile information for the steering committee of Nashville’s Shared Equity Housing Initiative.

  • The Community Land Trust Shared Equity Housing Model (CLT SEHM) has been touted as a delivery vehicle that could help tackle inherent problems; moreover, research has identified the FTB as an adaptable group for this model (CFS, 2009).

  • Vivacité - Société Immobilière Solidaire: Shared Equity Housing Trust, Montreal, Quebec OrganizationVivacité is a non-profit social enterprise and land trust with the goal of helping low-to-moderate income households access housing ownership without down payment and ensuring that units remain perpetually affordable.


More Definitions of Shared Equity Housing

Shared Equity Housing means Affordable Housing which permits an Eligible Person to purchase a share of the Affordable Housing Property with the remaining share being held by the Registered Provider such initial purchase share not to exceed 75% of the Open Market Value unless otherwise agreed with the Council and in respect of which there shall be no rent charged in respect of the share retained by the Registered Provider
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Related to Shared Equity Housing

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Affordable Housing Unit means a rental unit in an affordable housing building that rents for an amount that is affordable to households at or below 60 percent of area median income, as median income was most recently determined by the United States Department of Housing and Urban Development for the Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin Metropolitan Statistical Area, as adjusted for household size and number of bedrooms.

  • Affordable Housing Units – means the Affordable Housing to be provided as part of the development in accordance with the application and/or any subsequent reserved matters approval.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • 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.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Permanent Supportive Housing means voluntary, flexible supports to help individuals with psychiatric disabilities choose, get, and keep housing that is decent, safe, affordable, and integrated into the community. Tenants have access to an array of services that help them keep their housing, such as case management, assistance with daily activities, conflict resolution, and crisis response consistent with evidence-based practice standards published by the Substance Abuse and Mental Health Services Administration.

  • Target housing means any housing constructed prior to 1978, except housing for the elderly or persons with disabilities (unless any one or more children age 6 years or under resides or is expected to reside in such housing for the elderly or persons with disabilities) or any 0-bedroom dwelling.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Deficient housing unit means a housing unit with health and safety code violations that require the repair or replacement of a major system. A major system includes weatherization, roofing, plumbing (including wells), heating, electricity, sanitary plumbing (including septic systems), lead paint abatement and/or load bearing structural systems.

  • Transitional housing means buildings configured as rental housing developments, but operated under program requirements that require the termination of assistance and recirculating of the assisted unit to another eligible program recipient at a predetermined future point in time that shall be no less than six months from the beginning of the assistance.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Affordable housing program(s means any mechanism in a municipal Fair Share Plan prepared or implemented to address a municipality’s fair share obligation.

  • Affordable housing means, unless the context clearly

  • Residential housing or "Residence" means a single-family, owner-occupied dwelling located within the State that qualifies for financing by the Authority within the meaning of the Act, the Rules and Regulations, the Code and related regulations.

  • Michigan state housing development authority means the public body corporate and politic created by Section 21 of the State Housing Development Authority Act of 1966, 1966 PA 346, MCL 125.1421.

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Real estate-related financial transaction means any transaction involving:

  • Mutual housing corporation means a corporation not-for-profit,

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Investment Management Fee means each of the Senior Investment Management Fee, the Subordinated Investment Management Fee and the Incentive Investment Management Fee.

  • Investment project means an investment in qualified buildings

  • Affordable Housing Cost means an amount satisfied by:

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