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.
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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.
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Existing housing as defined in Section VII.C.2. (aa) "FOST" as defined in Section I.B.4.
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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.
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Related to Existing housing

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Elderly Housing means housing intended for and only occupied by Elderly persons, including a family in which all members are Elderly. All household members must be Elderly (no children, and no disabled persons under the age of 62).

  • Rental housing means development of a building or structure with four or more dwelling units all of which are intended for use as rented residential premises;