Sweat Equity. The prevailing wage provisions of this Act do not apply to members of an eligible family who provide labor in exchange for acquisition of a property for home ownership or provide labor in lieu of, or as a supplement to, rent payments.
Sweat Equity. The prevailing wage provisions of paragraph (a) of this section do not apply to members of an eligible family who provide labor in exchange for acquisition of a property for homeownership or provide labor in lieu of, or as a supplement to, rent payments.
Sweat Equity. Before the closing of your loan, you and your family members must work at least “sweat equity” hours as a Habitat for Humanity volunteer. The total “sweat equity” requirement per family will not exceed hours. At least hours of your sweat equity hours must be completed in construction of your own home or the homes of other Habitat for Humanity families. Our current sweat equity policy is attached to this Agreement. These “sweat equity” hours will not reduce the purchase price of your house and, if you decide to withdraw from the Program or your application is otherwise terminated, Habitat for Humanity will not pay or compensate you for any of these hours.
Sweat Equity. (a) Sweat equity is a contribution of labour and/or materials to complete the renovation project. The Band expects that the home-owner or the home- owner’s family, if able, will contribute sweat equity to their renovation.
Sweat Equity. I understand that I will pay for my home through an initial down payment, a monthly home mortgage, and through 200 volunteer hours called “sweat equity. Of the 200 hours of sweat equity, 125 must be completed by the homeowner, 75 may be donated by friends and family on Turning Point Builds (donated hours must be completed on Turning Point Builds. Friends that volunteer at other places in the community may not donate those hours). I understand that occasionally, we have gaps in work available on Turning Point Builds. In the event this happens, some volunteer hours completed in the community by the homeowner MAY be counted at the discretion of the board. Most of the volunteer opportunities at Turning Point are performed in the heat or cold since most are completed prior to the installment of heat/air. If you believe that you are physically unable to safely complete these tasks under these conditions, please request permission from your mentor to complete your hours at an alternate site. You are the only one who knows your physical limitations. I understand that I must volunteer at my own health risk and that Turning Point is not liable if I choose to perform activities on Turning Point Builds that are beyond my physical limitations or which violate orders from my physician. I agree to work toward completing all required “sweat equity hours” and will complete these hours prior to closing on my home. I will track my own hours using the system that Turning Point has in place for this. Regularly, you and your mentor will review your hours to see that you are progressing toward completion of your hours. Your mentor will help you find volunteer jobs so you can complete all your hours prior to the closing on your home. You should sign up for Turning Point volunteer hours via Turning Point’s online system. You are responsible for giving your e-mail address to our volunteer coordinator so that you can be added to our volunteer database. This will ensure that you will be aware of all volunteer activities. I understand that after I have completed 150 of the 200 volunteer hours, completed the client agreement, attended the homebuyer’s class, completed Financial Peace University, & am pre-qualified for a mortgage, I am eligible to be placed on a waiting list for a Turning Point home. There may be others on the list, as well. My Turning Point Representative will be able to tell me if there are other future homeowners ahead of me, and try to give me an idea when a home tha...
Sweat Equity. Fellows are required to make a contribution of sweat equity to GIIP equivalent to an average of 5 hours per week.
Sweat Equity. Work may be done on a sweat‐equity basis if CEE staff reasonably believes the homeowner has the ability to do the work in a xxxxxxx‐like manner within the program timeline. When the homeowner does the work, a materials list, including pricing is required. The receipt for the materials cannot be dated prior to 4/1/2015. Payment will be reimbursed for materials only: no equipment purchase or rental or homeowner/household member (or related party) labor is eligible.
Sweat Equity. Permitted. Loan funds cannot be used to compensate for labor even if the owner is a licensed contractor, only for materials. Loan funds cannot be used for the purchase or rental of tools or equipment. Materials must be purchased and installed prior to the disbursement of loan proceeds. When applicable, a city permit must be obtained. For projects not requiring a permit, a CEE representative will verify the projects are complete. Only 1 material estimate is required. DocuSign Envelope ID: 6D61C7E8-141C-4504-8182-3423E 38F 421C EXHIBIT A1 Home Buyer Assistance Deferred Loan 1. Interest Rate: 0 %
Sweat Equity. The Director shall be entitled to 480,000 shares of Rebel Group, Inc. issued in below tranches: 240,000 shares issued by July 31, 2019 240,000 shares issued by December 31, 2019 The further allotment of additional 720,000 shares of Rebel Group, Inc. to the Director will be issued upon delivery of the following:
