Definitions and Acronyms

Employee Assisted Housing

Work to improve the standard of living and economic competitiveness; activities include business retention, expansion and recruitment, international trade, and entrepreneurship development.

The ability for people to create wealth through activities such as: accessing employment, building businesses, and purchasing property.

Economic Development

Economic Development Administrator

Economic Development Initiative

Organizations must be one of the following:

1. A 501(c)(3), 501(c)(4), or 501(c)(6) corporation,
2. A certified Housing Authority, or
3. A Limited Partnership or Limited Liability Corporation which includes one or more organizations which qualify under definition 1 above, and meet both of the following:
   1. the 501 (c)(3) or (c)(4) organization or a certified Housing Authority has regular, continuous and substantial activity in the development and operation of the portion of the project seeking financing available only to non-profit organizations, and
   2. the public investment can be demonstrated to further one or more of the objectives of the tax exempt non-profit entity.

Employee

Environmental Protection Agency

The "after value," or if not documented, the "as is" value of the property less all indebtedness secured by the property.

Endangered Species Act

Executive Steering Committee

The amount, if any, by which Net Cash Flow exceeds 115% of Permitted Loan Payments or $600 per unit, whichever is greater.

Means household income at or below 30% MFI.