Development Project. The acquisition and development of Development Project Land into (a) single family housing subdivisions, or (b) two to eight unit multi-family housing subdivisions, all as approved by Lender in accordance with Section 2.2 hereof.
Appears in 2 contracts
Sources: Revolving Construction and Development Loan Agreement (Lundgren Bros Construction Inc), Revolving Construction and Development Loan Agreement (Lundgren Bros Construction Inc)