Named Projects. 1.1 This Agreement contemplates the Delivery of five types of Named Projects: 1.1.1 the acquisition of one or more dwellings which require no work in order to meet the RHP Minimum Standards and are fit for occupation as RHP Housing immediately following such acquisition (Acquisition (No Work Required) Project); 1.1.2 the acquisition of one or more dwellings or non residential buildings which require repairs refurbishment or conversion works to be undertaken before such dwellings meet the RHP Minimum Standards and are fit for occupation as RHP Housing (Acquisition (Work Required) Project); 1.1.3 the development of one or more new build dwellings to the RHP Minimum Standards for use as RHP Housing on a site either owned by the Grant Recipient or acquired by the Grant Recipient for this purpose (New Build Project); 1.1.4 the refurbishment and/or conversion of dwellings or non residential buildings already owned by the Grant Recipient to the RHP Minimum Standards to be used as RHP Housing (Refurbishment or Conversion Project); and 1.1.5 the acquisition (on their completion) of one or more newly constructed dwellings from a third party developer unconnected with the Grant Recipient for use as RHP Housing (Off the Shelf Project). 1.2 OPS will identify certain Milestones which must be achieved before Named Project Grant may be claimed pursuant to Condition 10. 1.3 Start on Site will be deemed to have been achieved for Acquisition (No Work Required) Projects, Acquisition (Work Required) Projects and Off the Shelf Projects where the Grant Recipient achieves Acquisition.
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