Housing Development Fund Corporation definition

Housing Development Fund Corporation or “HDFC” means an entity formed by Residents under Article XI of the New York State Private Finance Housing Law to which the Authority has transferred title of a Building and appurtenant grounds in an MHOP Development pursuant to the Authority’s Multifamily Homeownership Program.
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Examples of Housing Development Fund Corporation in a sentence

  • Under the Guaranty Agreement between HDC and Wells Fargo, the Corporation agreed to guaranty a minimum rate of return on Wells Fargo’s tax credit investment in the NYCHA I Housing Development Fund Corporation through a 15-year compliance period.

  • Daniel Dromm Chair, Finance CommitteeMembers of the Finance Committee FROM: Rebecca Chasan, Senior Counsel, Finance Division Noah Brick, Assistant Counsel, Finance Division RE: Finance Committee Agenda of February 11, 2020 – Resolution approving a tax exemption for two Land Use items (Council Districts 2 and 39) Item 1: 528 East 11th Street 538 East 11th Street Housing Development Fund Corporation (HDFC) acquired its 33-unit residential building from the City in 1981.

  • At the same time, pioneering companies have shown how the private sector can bring lower-income populations into this dynamic, engaging smaller suppliers and serving lower-income consumers.

  • Partners in this effort, in addition to the City’s own housing programs include the Community Land Trust of Schenectady, Inc., Better Neighborhoods Inc., Habitat for Humanity of Schenectady County, Inc., The Schenectady Housing Development Fund Corporation Second Mortgage Program and The Community Builders, Inc.

  • There are no audit findings relative to the major federal award programs for Seagirt Housing Development Fund Corporation.

  • The auditor's report on compliance for the major federal award programs for Seagirt Housing Development Fund Corporation expresses an unmodified opinion on all major federal programs.

  • Petition on behalf of Greater Allen Cathedral of New York Housing Development Fund Corporation, to Submeter Electricity at 107-37 166th Street, Jamaica, New York.

  • No instances of noncompliance material to the financial statements of Seagirt Housing Development Fund Corporation, which would be required to be reported in accordance with Government Auditing Standards, were disclosed during the audit.

  • The Proposed Project will be owned in fee by an approved Housing Development Fund Corporation created pursuant to Article XI of the Private Housing Finance Law.

  • The auditor's report expresses an unmodified opinion on whether the financial statements of Israel Senior Citizens Housing Development Fund Corporation were prepared in accordance with generally accepted accounting principles.

Related to Housing Development Fund Corporation

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Community Development Director means the Director of City’s Department of Community Development or his or her designee.

  • Community Developmental Disability Program (CDDP means an entity that is responsible for planning and delivery of services for individuals with developmental disabilities in a specific geographic service area of the state operated by or under a contract with the Division or a local mental health authority.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Foreign nonprofit corporation means an entity:

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Substantial development means any development of which the total cost or fair market value exceeds two thousand five hundred dollars, or any development which materially interferes with the normal public use of the water or shorelines of the state; except that the following shall not be considered substantial developments for the purpose of this chapter:

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Partnership has the meaning set forth in the Preamble.

  • Urban renewal plan means a plan, as it exists from time to time, for an urban renewal project, which plan shall be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum density and building requirements.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

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