Existing housing definition

Existing housing means single-family housing that (i) has been previously occupied prior to the first day of the origination period; or (ii) has been available for occupancy for at least 12 months but has not been previously occupied.
Existing housing means, with respect to a Residence financed with a Mortgage Loan, Residential Housing that has been occupied as a Residence prior to the Mortgage Loan Closing.
Existing housing as defined in Section VII.C.2. (aa) "FOST" as defined in Section I.B.4.

Examples of Existing housing in a sentence

  • Existing housing lies along Dingleton Road and to the southern boundary of the site along Dingleton Loan.

  • Existing housing needs will be determined by synthesizing information on housing developments at risk of conversion, housing stock characteristics, overpayment, overcrowding, population, employment, and household characteristics.

  • Existing housing form is comprised mostly of two unit dwelling along Kaleigh Drive and Briarwood Drive with some single unit dwellings along ▇▇▇▇▇▇▇▇ Road and Cow Bay Road.


More Definitions of Existing housing

Existing housing means housing that is not defined as new housing.