Substantial renovation definition
Substantial renovation means any renovation of a public
Substantial renovation means the replacement of more than 50 percent of a building subsystem within any consecutive 12-month period.
Substantial renovation is defined in Section 25.3.
Examples of Substantial renovation in a sentence
Substantial renovation of a Project, whether or not restricted to persons of a particular age group, preserves existing subsidized housing at or below 50% AMI , if the use of HTC is necessary to (a) prevent conversion to market rate use; or (b) to remedy physical deterioration of the Project which would result in loss of existing federal subsidies.
More Definitions of Substantial renovation
Substantial renovation means a change in the functional use or operation of space in existing buildings or structures that will cost in excess of one hundred thousand dollars ($100,000).
Substantial renovation means any renovation the cost of which exceeds twenty-five percent of the value of the property.
Substantial renovation means any renovation with a cost that exceeds twenty-five percent of the value of the building.
Substantial renovation means the renovation or alteration of an existing building to such an extent that all or substantially all (90% or more) of it- other than the foundation, exter- nal walls, interior supporting walls, floors, roof and staircases-is removed or replaced.
Substantial renovation means a construction or renovation
Substantial renovation means any renovation the cost of
Substantial renovation means reconstruction, renovation or refurbishment of the building when the total costs relating to the building envelope or technical systems of the building, more than 25% of the building, excluding the value of the land on which the building is situated, or when renewing more than 25% of the surface layer building.