Qualified building definition

Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

Qualified building means a Building which meets the terms, conditions, obligations, and restrictions of the Program Rules, Carryover Allocation Agreement, Regulatory Agreement, Resolutions of the Trustees respecting Taxpayer or the Development, and Code Section 42(c)(2) for an Allocation and the issuance by OHFA of IRS Form 8609.

Qualified building means a building built at least 30 years before

Examples of Qualified building in a sentence

• Whether the loan is for alteration(s) or retrofit(s) of a Qualified building located in a Severely Affected Community.

• Convey the intent to form an SPV with Shareholding/Equity commitment(s) in accordance with these guidelines, which would enter into the Agreement and subsequently carry out all the responsibilities as per the terms of the Agreement, in case the recognition is awarded to the Consortium.

• The Participating Financial Institution's certification that its usual methods of securing collateral have been applied, including if applicable that a lien has been placed on the Borrower's Qualified building for the amount of the Qualified Loan.

• Qualified Loans shall no longer be enrolled in the Program upon the sale, transfer or refinancing of the Qualified building or Qualified Loan, and shall be deemed to have matured within the meaning of 8078.18(c) upon the date of such sale, transfer or refinancing.Note: Authority cited: Sections 44520, 44559.5, 44559.11 and 44559.14, Health and Safety Code.

• Whether the Qualified building is a residential or commercial property, and the number of dwelling units.

More Definitions of Qualified building

Qualified building means a qualified low-income building as defined in and governed by Section 42(c)(2) of the Code.

Qualified building means a residential or commercial building in California that is identified by the local building code official for the jurisdiction in which the building is located as a building in need of seismic retrofitting and is either a building of a type that is potentially vulnerable in the event of a catastrophic

Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village

Qualified building means a building that is certified by the appropriate local building code enforcement authority for the jurisdiction in which the building is located as hazardous and in danger of collapse in the event of a catastrophic earthquake.

Qualified building means a building that, at the time in question, has a verified line of sight (per WinStar's standard practices) to a Hub provided by WinStar and for which the necessary Required Rights have been obtained by, or provided to, WinStar.

Qualified building means a building built prior to 1983 at least

Qualified building means a building that has been certified