LIMITED EQUITY HOUSING
\lˈɪmɪtɪd ˈɛkwɪti hˈa͡ʊzɪŋ], \lˈɪmɪtɪd ˈɛkwɪti hˈaʊzɪŋ], \l_ˈɪ_m_ɪ_t_ɪ_d ˈɛ_k_w_ɪ_t_i h_ˈaʊ_z_ɪ_ŋ]\
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An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with a low down payment. The catch is that when the owner sells, she gets none of the profit if the market value of the unit has gone up. Any profit returns to the organization that built the home, which then resells the unit at an affordable price.
By Oddity Software
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.