Targeted Area definition

Targeted Area means a "targeted area" within the meaning of Section 143 of the Code. "Targeted Area Residence" means a "targeted area residence" within the meaning of Section 143
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Targeted Area means a distressed community that
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Targeted Area means an area within the state listed as one of the Qualified Census Tracts or “areas of chronic economic distress” designated and approved as provided by the Code, and described in the Program Manual as such may be amended from time to time.
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Examples of Targeted Area in a sentence

  • For purposes of the DPA Program, a First-Time Homebuyer is someone who has not had an ownership interest in their primary residence in the past three years, unless qualifying under a Veteran’s Exception or purchasing a home in a Federally Designated Targeted Area as specified in the DPA Program Guide.

  • The Authority has the right unilaterally and in its sole discretion to require any Mortgage Lender to originate a specified Targeted Area Loan from any amounts held available by the Authority for Targeted Area Loans, provided such specified Targeted Area Loan meets the requirements of this Agreement.

  • Each Targeted Area county contains at least four zip codes that exceeded the statewide rate in at least four out of the five distressed housing market indicators, and a minimum threshold origination volume was achieved in these counties from January 1, 2014 through March 31, 2015.

  • Each Targeted Area exceeded the statewide rate in at least four (4) out of the five (5) distressed housing market indicators which include: change in sale price from one year ago; REO sales rate; Short sales rate; Negative Equity; and the Foreclosure Rate.

  • First Time Homebuyer Requirements • Advantage: Not limited to first-time homebuyers • Platinum: All borrowers must be first-time buyers (except for buyers using the Veterans Exception and buyers purchasing in a Federally Designated Targeted Area).


More Definitions of Targeted Area

Targeted Area means an area of undeveloped lands zoned for
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Targeted Area means that part of the Eligible Loan Area that has been or may be designated from time to time as a qualified census tract or an area of chronic economic distress in accordance with section 143(j) of the Code. The Targeted Areas are set forth in Program Guidelines.
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Targeted Area means an area identified by the board pursuant to s. 560.605 (2m), Stats.
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Targeted Area means specific areas within the state of Washington designated and approved as provided in the Code.
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Targeted Area means that part of the Program Area that has been or may be designated from time to time as a qualified census tract or an area of chronic economic distress in accordance with section 143(j) of the Code. The Targeted Areas shall be set forth in the Program Guidelines and are subject to change with the approval of TSAHC.
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Targeted Area means: (A) A federally designated "qualified census tract" in which seventy per cent or more of the families have a median income of eighty per cent or less of the state-wide median family income, (B) a state designated and federally approved area of chronic economic distress, or (C) an urban and regional center as identified in the Connecticut Conservation and Development Policies Plan;
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Targeted Area means a qualifying municipality as defined in 7 P.L.1978, c.14 (C.52:27D-178); and]
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