Resident ownership definition

Resident ownership means, depending on the con- text, either the ownership, by a resident organization, as defined in this section, of an interest in a mobile home park which entitles the resident organization to control the opera- tions of the mobile home park for a term of no less than fif- teen years, or the ownership of individual interests in a mobile home park, or both.
Sample 1Sample 2Sample 3
Resident ownership means, depending on the context, either the ownership by a resident organization of an interest in a mobilehome park that entitles the resident organization to control the operations of the mobilehome park for a term of no less than 15 years, or the ownership of individual interests in a mobilehome park, or both.
Sample 1Sample 2Sample 3
Resident ownership means, depending on the context, either
Sample 1Sample 2Sample 3

Examples of Resident ownership in a sentence

  • The DDA also requires that, as a condition to the close of escrow, SCH shall have timely applied for, and attempted to obtain, with all due diligence, the following loans the following programs: Mobile Home Park Resident Ownership Program.

  • The DDA also requires that, as a condition to the close of escrow, SCH shall have timely applied for, and attempted to obtain, with all due diligence, the following loans the following programs: Mobile Home Park Resident Ownership Program, the State of California, in the amount of $1,500,000 (the “MPROP Loan”).

  • The bill also establishes the new California Dream for All first-time homebuyer assistance program and makes technical changes to several housing programs, including the Portfolio Reinvestment Program, the Housing Accelerator Program, the Excess Sites Local Government Matching Grants Program, the Foreclosure Intervention Housing Preservation Program, the Mobilehome Park Rehabilitation and Resident Ownership Program, and the Infill Infrastructure Grant Program.

  • The xxxx also establishes the new California Dream for All first-time homebuyer assistance program and makes technical changes to several housing programs, including the Portfolio Reinvestment Program, the Housing Accelerator Program, the Excess Sites Local Government Matching Grants Program, the Foreclosure Intervention Housing Preservation Program, the Mobilehome Park Rehabilitation and Resident Ownership Program, and the Infill Infrastructure Grant Program.


More Definitions of Resident ownership

Resident ownership means, depending on the context, either the ownership, by a
Sample 1Sample 2Sample 3
Resident ownership. A resident ownership structure would require that the residents be in a position to own and manage the project. The residents would assume all responsibilities, and liabilities associated with the role of a park owner, as well as select the property manager. A resident ownership project would no longer be subject to rent control, and there would be limited funding available from the Redevelopment Agency and other funding sources. It is anticipated that residents would be required to contribute funding to cover the acquisition expenses and would also experience higher on-going housing costs to help cover the improvement costs.
Sample 1Sample 2
Resident ownership means, depending on the context,
Sample 1Sample 2
Resident ownership means, depending on the
Sample 1
Resident ownership means, depending on the context, either the ownership, by a resident organization, as defined in this section, of an interest in a mobile and manufactured home park which entitles the resident
Sample 1
Resident ownership means, depending on the context, either the ownership, by a resident organization, as defined in this section, of an interest in a mobile and
Sample 1

Related to Resident ownership

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Resident Personnel means such persons who at the time of being so hired had their domicile inside India;

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

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Resident physician means a physician enrolled in an internship, residency or fellowship.

  • Residentia Group means Residentia Group Pty Ltd of 165 Barkly Avenue Burnley VIC, ACN 600 546 656 in respect of Appliances purchased in Australia;

  • Resident school district means the public school district in which the student resides.

  • Resident Partner means a partner who is a resident individual, a resident estate, a resident trust or a resident corporation. "Nonresident partner" means a partner other than a resident partner;

  • Residential area means land used as a permanent residence or domicile, such as a house, apartment, nursing home, school, child care facility or prison, land zoned for such uses, or land where no zoning is in place.

  • Family or “family member” means your spouse, and any child, stepchild, parent, or parent-in-law who receives more than one-half of his or her support from you or from whom you receive more than one-half of your support.

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • Residential care facility means an institution, residence, or facility that is licensed by the department of mental health under section 5119.22 of the Revised Code and that provides care for a child.

  • Farmworker Household means a household of one or more persons wherein at least one member of the household is a Farmworker at the time of initial occupancy.

  • Resident bidder means a bidder that has paid unemployment taxes or income taxes in this state during the 12 calendar months immediately preceding submission of the bid, has a business address in this state and has stated in the bid whether the bidder is a “resident bidder” under this paragraph.

  • Cemetery means 1 or a combination of more than 1 of the following: