Sentence examples for Limited equity from inspiring English sources
Mr. Lee said the partners switched to the cooperative form of ownership to be eligible for the city's Middle-Income Housing Loan Program, which provides financing only to rentals and to what are known as limited equity co-ops, meaning there are limits on how the co-ops can be resold.
Most of the Massachusetts projects will be owned by the artists as limited equity cooperatives or condominiums.
Many have postponed their move over the last few years as either limited equity or lack of confidence has left them unable or unwilling to.
The eventual goal is to convert the apartments to limited equity co-ops, which means residents would be able to buy their apartments for less than market value, but should they sell would not be able to reap any profits.
"So while a significant percent of our population would have voted to remain limited equity for philosophical reasons, there is no question the tax impact played a significant role.
There are about 950 of the limited equity co-ops, known as Housing Development Fund Corporations, in the city, of which 175 are eligible for tax relief, according to Department of Housing Preservation and Development.
A dozen blocks north, Penn South, a limited-equity housing complex in Chelsea that was built in the early 1960s to provide affordable housing to middle-income people, is becoming a family village.
So elderly is the population in the limited-equity cooperatives that most have been formally designated as retirement communities; in Penn South, for instance, two-thirds of the residents are older than 65.
A total of about $1 billion was invested, $660 million in the form of bonds and about $335 million in limited partnership equity.
Topics covered include (but are not limited to) equity division, models of funding, marketing, scalability, and team building.
(2) The provisions of Note 2(a) regarding five (5percentnt interests shall include all voting or nonvoting stock or limited partnership equity interests of five (5percentnt or more.
