First Homes definition

First Homes means Dwellings constructed to Space Standards which may be disposed of as a freehold or (in the case of flats only) as a leasehold property to a First Time Buyer at the Discount Market Price and which on its first Disposal does not exceed the Price Cap (each as defined in Part 8 of Schedule 2 )
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First Homes means an Affordable Housing Unit which may be disposed of as a
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First Homes means a Residential Unit which may be Disposed of as a freehold or (in the case of flats only) as a leasehold property to a First Time Buyer at the Discount Market Price and which on its first Disposal does not exceed the Price Cap the internal specification of which shall not by reasons of being of First Homes be inferior to the internal specification of equivalent Open Market Units constructed to the Development Standard; “First Home Owner” means the person or persons having the freehold or long leasehold/leasehold interest (as applicable) in a First Home other than: 1) the Owner; or 2) another developer or other entity to which the freehold interest or long leasehold/leasehold interest in a First Home or Long Lease/ leasehold interest in the land on which a First Home is to be provided has been transferred before that First Home is made available and is disposed of for occupation as a First Home; or 3) the freehold a tenant or sub-tenant of a permitted letting under paragraph 10 (use of the First Homes); “First Homes Units” means the Residential Unit to be occupied as a First Home in accordance with the terms of this Deed and reference to a “First Homes Unit” shall be to any one of them;
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Examples of First Homes in a sentence

  • First Homes are the government’s preferred discounted market tenure and should account for at least 25% of all affordable housing units delivered by developers through planning obligations.

  • These routes would include the line between Edinburgh and Glasgow via Falkirk and all the routes between Edinburgh/Glasgow and Perth, Dundee, Aberdeen and Inverness, as well as the links to Hunterston and Grangemouth.

  • The transitional arrangements set out in the Written Material Statement and Planning Practice Guidance confirm that the First Homes requirement will not apply to sites with full or outline planning permissions already in place or determined (or where a right to appeal against non-determination has arisen) before 28 December 2021 or applications for full or outline planning permission where there has been significant pre-application engagement which are determined before 28 March 2022.

  • If you meet all the requirements it will issue a First Homes ‘Authority to Proceed’ and Eligibility Certificate to you, the builder, mortgage advisor and your conveyancer.

  • You will have to make a further legal declaration that you are eligible and understand the terms of the First Homes scheme and that you can only resell the home in the future to another eligible First Homes buyer.

  • Are Rising Housing Costs Barring Young Adults from Buying Their First Homes?, June2018, http://www.freddiemac.com/research/pdf/201806-Insight-05.pdf.

  • This shows you are eligible and entitled to be a First Homes owner.

  • A minimum of 25% of all affordable housing units secured through developer contributions should be First Homes.

  • If it looks like you could be eligible, the builder will assist you to complete a First Homes application to the local authority.

  • A further £750k is proposed against the Housing Service for 2021/22, increasing to £1,000k by 2022/23, with approximately half of this value to come from improved management of temporary accommodation, maximising the impact of Central Government grant income, with the other half to come from the closing of the First Time Buyers Scheme in light of the other support in this area offered by Central Government including Help to Buy Equity Loan, Shared Ownership and First Homes schemes.


More Definitions of First Homes

First Homes. Means discounted homes for first time buyers which comply with the
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First Homes means each and every Affordable Housing Unit comprising Intermediate Housing as may be included within the Affordable Housing Scheme approved by the Council and designated for sale by the Owner to a person or persons meeting the First Homes Eligibility Criteria at a discount from Market Value. Such discount shall be sufficient to enable each of the relevant Affordable Housing Units to meet the criteria of Affordable Housing and in any event shall not be less than 30% of the Market Value as shall be determined at the point of sale of each such First Homes unit in perpetuity;
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Related to First Homes

  • Abbeyfield Home means an establishment run by the Abbeyfield Society including all bodies corporate or unincorporated which are affiliated to that society;

  • First Horizon First Horizon Home Loan Corporation, a Kansas corporation and an indirect wholly owned subsidiary of First Tennessee National Corporation, a Tennessee corporation. Fitch: Fitch Ratings or any successor thereto. If Fitch is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 11.5(b) the address for notices to Fitch shall be Fitch, Inc., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Mortgage Surveillance Group, or such other address as Fitch may hereafter furnish to the Depositor and the Master Servicer.

  • Capitol hill complex means the grounds and buildings within the area bounded by 300 North Street, Columbus Street, 500 North Street, and East Capitol Boulevard in Salt Lake City.

  • Boathouse (NR 115.03(1h)) means a permanent structure used for the storage of watercraft and associated materials and includes all structures which are totally enclosed, have roofs or walls or any combination of these structural parts.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Cropland means land used for the production of adapted crops for harvest, alone or in a rotation with grasses and legumes, and includes row crops, small grain crops, hay crops, nursery crops, orchard crops, and other similar specialty crops.

  • Hospital/Nursing Home : means any institution established for in- patient care and day care treatment of sickness and / or injuries and which has been registered as a Hospital with the local authorities, wherever applicable, and is under the supervision of a registered and qualified Medical Practitioner OR must comply with all minimum criteria as under:

  • Campus means any place where the college conducts or sponsors educational, public service, or research activities.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Family home or "family residence" means the location or portion of a location where the applicant and his or her family reside, and may include basements and attics. It does not include other structures that are separate from the home but are considered part of the overall premises, such as adjacent apartments, unattached basements in multi-unit buildings, unattached garages, and other unattached buildings.

  • Residential care home or “RCH” means a residential care home as defined and licensed under the Residential Care Homes (Elderly Persons) Ordinance (Cap. 459), or as defined and issued with a licence or certificate of exemption under the Residential Care Homes (Persons with Disabilities) Ordinance (Cap. 613), or the boarding section of a special school subvented under the Education Bureau, or the residential facilities of the Skills Centre (Tuen Mun) of Vocational Training Council, or a nursing home as referred to in the Hospitals, Nursing Homes and Maternity Homes Registration Ordinance (Cap. 165) which provides residential services for persons aged 60 or above in Hong Kong.

  • Mutual housing corporation means a corporation not-for-profit,

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.

  • Foster family home means a private home in which children are placed for foster family care under supervision of the cabinet or a licensed child-placing agency;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • the Caxton Foundation means the charitable trust of that name established on 28th March 2011 out of funds provided by the Secretary of State for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with its provisions;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Summit means the Summit of the Heads of State or Government of SADC established by Article 9 of this Treaty;

  • Asset management means a systematic process of operating and maintaining the state system of

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • CHP means combined heat and power.

  • Residential care means the provision of care on a 24-hour day basis.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.