Glossary




abstract of titleA synopsis of the history of a title,...
acceleration clause

A stipulation in a mortgage agree...

accessthe means of approaching a property
AccessibilityHousing that is modified to meet the ...
acreA measure of land equaling 43,560 squ...
Activities of Daily Living (ADL's)Grooming and hygiene activities that ...
Actual income from assetsInterest produced by a household's sa...
addendumIn real estate contracts, a page adde...
Adjustable-Rate MortgageA mortgage with an interest rate that...
Adjusted IncomeAdjusted income is ""annual (gross) i...
Adjustment IntervalThe period of time between changes in...
Affordable housingUnder current federal housing guideli...
Affordable MortgagesA term used by many lenders to descri...
Agreement of saleA written agreement by which a buyer ...
AIAAmerican Institute of Architects: an ...
AL-ANONFREE self-help group for family membe...
Alcohol and other drugs (A&D)(A&D) is the abbreviation for Alcohol...
Alcoholics Anonymous (AA)FREE support group for people who wan...
Allowance for dependents$480 deduction for each family member...
Allowance for handicapped assistanceAmount of handicapped assistance expe...
Allowance for medical expensesAmount of total medical expenses exce...
AmahFarmers Home Administration, an agenc...
AmbulatoryThe ability to walk freely & independ...
AmenitiesFeatures of a property- pool, clubhou...
American Institute of Architects (AIA)Organization with long history of inv...
Americans with Disabilities Act (ADA)A law passed by Congress in 1980, whi...
amortizeA period of time over which a calcula...
Annual incomeTotal income of a household from all ...
Antivirus softwareSoftware that scans the computer for ...
appraisalProcedure employed by a disinterested...
APRThe total annual mortgage cost stated...
ARMA mortgage that permits the lender to...
as isA term used in a contract to mean tha...
Assertive Community Treatment (ACT)Intensive mental health services deli...
assessed evaluationAn evaluation of property by an agenc...
assessment (clinical)An evaluation, usually performed by a...
assessment (property)A charge levied on a property by a ta...
AssetA permanent rule established by an or...
Assets disposed of for less than fair market valueThe cash value of net family assets d...
Assistance PaymentThe amount Housing and Urban Developm...
Assisted LivingA special combination of housing, per...
assumable mortgageBuyer taking over seller's old mortga...
Balloon (Payment) MortgageUsually a short-term fixed-rate loan ...
BandwidthA measurement of a signal, for exampl...
binderThe transaction in which a purchaser ...
Biweekly MortgageA type of fixed-rate mortgage with pa...
bona fideIn good faith, without deceit or dece...
Book markingThe way to mark web sites that the us...
Borrowerthe public entity or its designated p...
budgetAn itemized summary of probable expen...
Budget AuthorityBudget Authority consists of appropri...
builder's warrantyA written statement by a builder assu...
building codesState of locally adopted regulations,...
BusinessSomething given, as a privilege or ri...
buy downA sum of money paid to a lender at cl...
CableThe way a computer gets to the intern...
capPreset limits placed on the change in...
capital appreciationThe increase in value for land and pr...
Capital fundingType of funds used to pay for the pur...
Care attendantA person who is employed to provide c...
cash flowThe dollar income generated by a rent...
cash reserveThe equivalent of mortgage payments t...
caveat emptorA Latin phrase meaning ""let the buye...
CDBGCommunity Development Block Grant. A...
CDCCommunity Development Corporation. A ...
CD-ROM

Compact Disc Read Only Memory. A ...

Certain development VouchersEnable non-elderly families having a ...
certified checkPayment that is guaranteed by the ban...
chattelItems of personal property such as fu...
CHDOA CHDO is a special type of non-profi...
child care expensesExpenses of a family for care of chil...
CJI

The Creating Jobs Initiative is a...

clear titleTitle to a property without liens or ...
closingA meeting or settlement of the finali...
closing costsExpenses or settlement costs above th...
cloud on the titleA defect in the title that may affect...
Cocaine Anonymous (CA)FREE support group for people who wan...
commissionPayment given by the seller of a prop...
commitmentA written agreement between a lender ...
commitment letterA letter sent by the lender to borrow...
common facilitiesAreas in a condominium, cooperative, ...
Community Dev. Block Grant (State Administered)States participating in the CDBG Prog...
Community Development Block Grant (Insular Areas)The Insular Areas CDBG program provid...
Community Development Block Grant Program (CDBG)A Federal program created under the H...
Community Development Block Grants (Entitlement)In this program HUD directly provides...
Community Development Block Grants (Small Cities)In this program, HUD directly provide...
Community Housing Development Organization (CHDO)A federally defined type of nonprofit...
Community Mental Health Organizations

Organizations that provide b...

ComponentOne of the parts into which a country...
Comprehensive Grant Program (CGP)HUD grant program via an annual formu...
condominiumHousing style where the buyers own th...
conservatorA person or entity appointed by a cou...
considerationAnything of value but usually a sum o...
ConsoleThe terminal that holds and controls ...
Consolidated PlanA document written by a State or loca...
Consolidated Plan CertificationThe form, required by law, in which a...
Consolidated Plan (CONPLAN)A ""master plan"", approved by HUD, ...
ConsumerA mental health services consumer is ...
contingencyA provision in a contract that keeps ...
Continuum of Care PlanAn inititative created by HUD to help...
contractAn agreement between two parties. To ...
contract rentThe rent HUD authorizes an owner to c...
conventional mortgageLoans not insured by the FHA or guara...
Conversion Vouchersassist PHAs with relocation or replac...
convertible mortgageAn adjustable rate mortgage that can ...
conveyTo transfer ownership of and title to...
conveyanceA housing style where buyers purchase...
Co-Occurring DisorderCo-occurrence or dual diagnosis is th...
CookiesMessages stored on your hard drive by...
CPRS

Certified Peer Recovery Specialis...

credit derogativeNegative credit reflected on a credit...
credit reportAn individual's or organization's cre...
Current InventoryAn inventory of the community's exist...
debtA sum of money due by an expressed ag...
debt-to-income-ratioA mathematical formula expressing the...
deedA written instrument that conveys tit...
deed of trustA document used instead of a mortgage...
defaultA breach of contract or failure to me...
Department of Justice (DOJ)In addition to administering well-kno...
DependentA household member who is [1] 17 or y...
depositA cash deposit made by a potential bu...
Designated Housing VouchersDesignated housing vouchers enable no...
DesktopThe area of the computer that shows w...
Developmental Disability (DD)Affliction characterized by chronic p...
Dial-upA means of connecting a computer to t...
Disability CommunityThis term refers to all adults with d...
Disabled personA person who has a disability as defi...
discount/pointAn amount equal to one percent of the...
Displaced personAn individual who is [1] displaced by...
DivisionTo exercise an action. The purpose fo...
Double-clickingTwo rapid clicks with the mouse butto...
DownloadingCopying information from the internet...
down paymentYour initial cash investment in purch...
DSLThe way a computer gets to the intern...
DSM IVDSM IV. Diagnostic and Statistical Ma...
easementThe right of one party to cross or us...
ECOAFederal law that prohibits lenders fr...
Economic Development InitiativeLoan commitments often paired with se...
Elder Cottage Housing OpportunitySmall, free-standing, barrier-free, e...
Elderly housholdA household in which the head of the ...
Elderly personA person at least 62 years of age is ...
Electronic Benefit Transfer (EBT)Replaces paper food stamps in many st...
Eligibility universeFor Section 8 programs - a time perio...
Eligible organizationA State, unit of local government or ...
e-mailThe program that allows the user to s...
e-mail addressA place for the computer to send mess...
e-mail attachmentAny file attached to an e-mail. They...
eminent domainThe right by which a government may a...
Empowerment Zone (EZ)Designated area selected through HUD'...
encroachmentExists when part of an improvement to...
Enterprise Community (EC)Designated area selected through HUD'...
Entitlement public entitymeans a metropolitan city or an urban...
Equal Housing Opportunity Plan (EHOP)Plan developed by Public Housing Agen...
equityThe value an owner has in a piece of ...
escrowMoney or documents held by a third pa...
escrow accountA trust into which escrow moneys are ...
ESG (Emergency Shelter Grant)Emergency Shelter Grant is a grant th...
evictTo recover (property) from a person b...
exclusive agentOne broker employed to the exclusion ...
Fair Housing Amendments ActA law enacted in 1988 that made it il...
Familya household composed of two or more r...
Family Self-sufficiency (FSS)Family Self-Sufficiency (FSS) is a HU...
Family Unification Vouchersare made available to families for wh...
Fannie MaeFederal National Mortgage Association...
FCRAThe Fair Credit Reporting Act is a co...
FEMAFederal Emergency Management Administ...
FHAAcronym for the Federal Housing Admin...
FHA mortgageThese are made by private lenders usi...
FHEOFair Housing and Equal Opportunity. ...
FHLBFederal Home Loan Bank. Major source...
FirewallSoftware that blocks suspicious infor...
Fiscal YearTax incentives are also known as loop...
fixed-rate mortgageWith this type of mortage, each month...
fixturesA fixture is anything permanently att...
flood insuranceInsurance required on properties loca...
Floppy DriveThe part of the computer that runs fl...
FMRFair Market Rent. Maximum amount of ...
FoldersStorage icons that contain the user's...
Food and Nutrition Service (FNS)Administered by the U.S. Department o...
forbearanceRefraining from some sort of enforcem...
ForeclosureLegal proceedings instigated by a len...
for sale by ownerWhen a homeowner sells the property b...
Freddie MacA government-sponsored enterprise tha...
full-time studentA student carrying full-time subject ...
FunctionAn occupation, profession or trade. T...
FundsThe goals of the Moderate Rehabilitat...
General Education Diploma (GED)Individuals must pass test to receive...
General Services Administration (GSA)Federal agency responsible for many a...
gentrificationProcess whereby private or government...
good faith estimateAn itemized breakdown of estimated cl...
grace periodAn allowed reasonable length of time ...
Granta form of assistance authorized by st...
GrantSomething given, as a privilege or ri...
GranteeThe agency that receives something of...
Grant Management Center ( GMC )A HUD organization which processes co...
Grantorfederal ageny that grants something o...
gross monthly incomeThe total amount a borrower earns eac...
gross rentThe total of contract rent and utilit...
Guaranteed loan fundsThe proceeds payable to the borrower ...
handicapped allowanceThe amount allowable for purchase of ...

A synopsis of the history of a title, indicating changes in ownership and including liens, mortgages, charges, encumbrances, encroachments, or any other matter that might affect the title.

A stipulation in a mortgage agreement that allows the lender to demand full payment of a loan immediately if any scheduled payment is not made by a given date.

the means of approaching a property

Housing that is modified to meet the needs of individuals with disabilities or special needs.

A measure of land equaling 43,560 square feet or 208.71 feet on each side. A builder's acre is generally 200-by-200 feet.

Grooming and hygiene activities that must be done on a daily basis. They include toileting, housework, bathing, and dressing. Some supportive care facilities will ask about ADL's as a way to see if someone is eligible to stay with them or not.

Interest produced by a household's savings and checking accounts, dividends from stocks and bonds, rents and royalties received from real property, and income from other capital investments.

In real estate contracts, a page added to the sales contract. It should be initialed by all the parties concerned.

A mortgage with an interest rate that changes periodically, according to an index that is selected when the mortgage is issued. The initial interest rate is lower than that for fixed-rate mortgages, but monthly payments can go up or down when the rate is adjusted.

Adjusted income is ""annual (gross) income"" reduced by deductions (or allowances) for dependents, elderly households, medical expenses, disability assistance expenses, and child care. (The HOME Program allows the use of three definitions of ""annual income."") Adjusted income is used only under the certain circumstances described in the ""Calculating Income Eligibility"" module.

The period of time between changes in the interest rate for an adjustable-rate mortgage. Typical adjustment intervals are one year, three and five years.

Under current federal housing guidelines, housing is considered affordable for a low-income household when monthly housing costs do not exceed 30% of monthly household income.

A term used by many lenders to describe their ""First Time Home Buyers' Programs"" or mortgage products that have maximum income limits. Many of these programs have more flexible underwriting guideline and/or require smaller downpayments.

A written agreement by which a buyer agrees to buy and a seller agrees to sell a particular property under the terms and conditions stated therein.

American Institute of Architects: an organization with a long history of involvement in design of facilites and housing for homeless people

FREE self-help group for family members, significant others, friends and others affected by someone else's substance abuse. Participants learn from each others' experiences in dealing effectively with others' substance abuse.

(A&D) is the abbreviation for Alcohol and other drugs.

FREE support group for people who want to achieve and maintain sobriety, abstinence from mind-altering drugs---and learn to live their lives more fully without alcohol/drugs. 12-Step programs had their beginning in this nationwide movement that has helped millions of people.

$480 deduction for each family member who is not the head of household or spouse, and who is under 18 years of age (17 years or less), a full-time student aged 18 or older, or handicapped or disabled.

Amount of handicapped assistance expenses for care attendants or auxiliary apparatus exceeding 3% of annual income. Care/apparatus must be necessary in order for an adult family member to work (allowance cannot exceed amount earned).

Amount of total medical expenses exceeding 3% of annual income. Allowance only for elderly households.

Farmers Home Administration, an agency of the U.S. Department of Agriculture that insures home loans in rural communities.

The ability to walk freely & independently, not bedridden or hospitalized

Features of a property- pool, clubhouse, tennis courts, and the like- that make it more attractive to the buyer (or renter).

Organization with long history of involvement in design of facilities, housing for homeless people.

A law passed by Congress in 1980, which establishes a clear and comprehensive prohibition of discrimination on the basis of disability.

A period of time over which a calculated mortgage payment will fully repay a set loan amount at a specified interest rate.

Total income of a household from all sources, including assets, for the 12 month period.

Software that scans the computer for viruses and gets rid of them. They run in the background and automatically check for viruses.

Procedure employed by a disinterested individual professional to estimate the value of a piece of property.

The total annual mortgage cost stated as a percentage of the loan amount

A mortgage that permits the lender to periodically adjust the interest rate when the index changes.

A term used in a contract to mean that the buyer is buying what s/he sees as s/he sees it. There is no representation as to quality and no promise to make repairs.

Intensive mental health services delivered in a community setting, usually by a treatment team.

An evaluation of property by an agency of the government for taxation purposes.

An evaluation, usually performed by a physician, of a person's mental, emotional, and social capabilites.

A charge levied on a property by a taxing authority to pay for improvements such as sidewalks, streets, and sewers.

A permanent rule established by an organization, corporation, etc., to govern its internal affairs.

The cash value of net family assets disposed of for less than fair market value during the two-year period preceding certification or recertification.

The amount Housing and Urban Development (HUD) pays an owner each month for a unit occupied under Section 8, RAP or Rent Supplement programs. The amount is equal to gross rent less the total tenant payment.

A special combination of housing, personalized supportive services and health care designed to meet the needs of those who need help with activities of daily living.

Buyer taking over seller's old mortgage at the interest rate and terms of that original mortgage.

Usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the contract.

A measurement of a signal, for example how fast the computer can send information to the monitor. Usually expressed in hertz.

The transaction in which a purchaser gives a sum of money to commit a seller to selling them the real estate.

A type of fixed-rate mortgage with payments for half the usual monthly amount scheduled every two weeks. Because you make the equivalent of 13 months of payments every year, the loan term is shortened from 30 years to 18 or 19 years, and total interest costs are substantially lower.

In good faith, without deceit or deception.

The way to mark web sites that the user would like to visit again. Usually label favorite or bookmark depending on the programs used.

the public entity or its designated public agency that issues debt obligations.

An itemized summary of probable expenditures and income for a given period.

Budget Authority consists of appropriations and re-appropriations, borrowing authority, and contract authority. Legally, Budget Authority constitutes specific authority to make obligations that will result in immediate or later outlays. The present Office of Management and Budget definition of budget authority includes both federal funds and trust funds.

A written statement by a builder assuring that a dwelling was completed in conformity with a stipulated set of standards. The purpose is to protect the purchaser from latent defects.

State of locally adopted regulations, enforceable by police powers, that control the design, construction, repair, quality of building materials, and use as occupancy of any structure, all falling under a specified government agency or enforcement.

Something given, as a privilege or right, a sum of money or a tract of land.

A sum of money paid to a lender at closing to reduce the borrower's out- of pocket monthly mortgage payment. Most buy downs are temporary.

The way a computer gets to the internet or e-mail by a cable TV line. It is more expensive than a regular phone line but is much faster.

Preset limits placed on the change in the interest rate or the change in the paymjent over the life of the loan.

The increase in value for land and properties such as homes, beyond the increase due to inflation.

Type of funds used to pay for the purchase, rehabilitation or new construction of permanent affordable housing

A person who is employed to provide care for elderly, handicapped, or other tenants who are mentally or physically ill or incapacitated and who need special assistance. Live in attendant is not party to the lease and their income is not considered as part of household's income.

The dollar income generated by a rental property after all expenses are met.

The equivalent of mortgage payments that a lender requires a borrower to have available after closing.

A Latin phrase meaning ""let the buyer beware"". Legally, however, in virtually no state is the law of caveat emptor still in effect.

Community Development Block Grant. A grant program administered by the US Dept. of Housing and Urban Development (HUD), CDBG is a major funding souce under HUD guidelines. CDBG provides eligible metropolitan cities and urban counties with annual direct grants that they can use to revitalize neighborhoods, expand affordable housing and economic opportunities, and/or improve community facilities and services, prinicipally benefiting low and moderate income persons.

Community Development Corporation. A community based organization dedicated to development of economic opportunities and/or housing in the community.

Compact Disc Read Only Memory. A CD that holds many mega bites of memory. It is able to run programs much faster than the old floppy discs and is able to hold pictures, writings, sounds, games, and movies. Depending on the type (R+, R-, Read/Write (RW), they are either erasbale or not. Some CD-ROMs are designed for data and music exclusively, and others for video. These two types are not interchangeable when storing the material. For example, a music CD-ROM would not play video when placed in a DVD player, however, it may play the sound if recorded in that format. Some CDs/DVDs will not play in every machine (R+, R-, RW+, RW-) The CD type must match the design of its player. Newer players can play a larger variety of CD-ROM types than older players. Check your owner's manual for the machine.

Enable non-elderly families having a person with disabilities, who do not currently receive housing assistance in certain developments where owners establish preferences for, or restrict occupancy to, elderly families, to obtain affordable housing.

Payment that is guaranteed by the bank upon which it is drawn.

Items of personal property such as furniture, appliances, and lighting fixtures that are not permanently affixed to the property being sold.

A CHDO is a special type of non-profit organization and has meaning only in the context of HUD's HOME program. A CHDO is a non-profit, community-based organization that has, or intends to retain, staff with the capacity to own, manage, and/or sponsor affordable housing.

Expenses of a family for care of children under age 13, that meet HUD requirements for special allowances.

The Creating Jobs Initiative is a strategic plan partnering with Tennessee communities to increase employment opportunities for persons with mental illness across the state. One goal of the program was to provide employment to 2,010 persons with mental illness by the year 2010. CJI includes a targeted, grassroots, multi-agency task force with local communities in each of the seven mental health planning regions.

Title to a property without liens or questions of ownership.

A meeting or settlement of the finalized sale on a property where documents are signed and monies exchanged.

Expenses or settlement costs above the sale price, incurred by both buyer and seller during the transfer of a property.

A defect in the title that may affect the owner's ability to market his/her property. That could be a lien, a claim, or a judgment.

FREE support group for people who want to achieve and maintain sobriety, abstinence from mind-altering drugs and learn to live their lives more fully without cocaine.

Payment given by the seller of a property given to a real-estate agent for his/her services (usually paid at closing).

A written agreement between a lender and a borrower to loan money subject to compliance with stated conditions.

A letter sent by the lender to borrower stating that the loan has been approved and describing the terms of the loan.

Areas in a condominium, cooperative, mobile home park, apartments, or private home association shared by all residents. Examples include hallways, grounds, laundry room, swimming pool, and golf course.

States participating in the CDBG Program award grants only to units of general local government that carry out development activities. Annually each State develops funding priorities and criteria for selecting projects.

The Insular Areas CDBG program provides grants to four designated areas: American Samoa; Guam; Northern Mariana Islands; and the Virgin Islands.

A Federal program created under the Housing and Community Development Act of 1974. This program provides grants funds to local and State governments to be used to develop viable urban communities by providing decent housing with a suitable living environment and expanding economic opportunities to assist low- and moderate-income residents. CDBG replaced several categorical grant programs such as the Model Cities Program, the Urban Renewal Program and the Housing Rehabilitation Loan and Grant Program. Section 108 is the loan guarantee provision of the CDBG Program. It offers communities a source of financing for housing rehabilitation, economic development, and large-scale physical development projects.

In this program HUD directly provides annual CDBGs on a formula basis to entitled communities to carry out a wide range of community development activities directed toward neighborhood revitalization, economic development, and improved community facilities and services.

In this program, HUD directly provides annual CDBG funds on a formula basis to States, which then administer the funding and act as a partner with the Federal Government in distributing funds to carry out a wide range of community development activities directed towards neighborhood revitalization, economic development, and improved community facilities and services.

A federally defined type of nonprofit housing provider that must receive a minimum of 15 percent of all Federal HOME funds. The primary difference between CHDO and other nonprofits is the level of low-income resident participation on the Board of Directors.

Organizations that provide behavioral and addicition services to persons. Using psychoeducational programs, case management, medication management and therapy these services are available to persons in their personal communities. Here is a list of some Tennessee Organizations: AIM Center – Southeast Tennessee – (423) 702-8015, Centerstone – Middle Tennessee – (888) 291-4357, Frontier Health – Northeast Tennessee – (423) 975-6000, Helen Ross McNabb -East Tennessee-(865) 637-9711, Lowenstein House – Shelby County – (901) 274-5486, Park Center – Davidson County – (615) 650-2900, Pathways –West Tennessee - (731) 541-4545, Peninsula– East Tennessee – (865) 970-9800, Quinco – West Tennessee – (731) 658-6113, Ridgeview – East Tennessee – (865) 481-6170, TN Mental Health Consumers' Assoc. (TMHCA) - (888) 539-0393, Volunteer - Middle Tennessee (888) 756-2740

One of the parts into which a country or an organization is divided for political, judicial, military, or other purposes

HUD grant program via an annual formula to large public housing authorities to modernize public housing units.

Housing style where the buyers own their apartments outright, plus an undivided share in the common areas of the community.

A person or entity appointed by a court to manage the property and financial affairs of another person (usually someone who is incompetent). For example, an adult daughter may be appointed as the conservator for her father who is suffering from advanced Alzheimer's disease. Sometimes called a guardian.

Anything of value but usually a sum of money. A contract to buy property must have a consideration in order to be binding.

The terminal that holds and controls various parts of the computer.

A document written by a State or local government describing the housing needs of the low- and moderate-income residents, outlining strategies to meet the needs and listing all resources available to implement the strategies. This document is required to receive HUD Community Planning and Development funds.

The form, required by law, in which a state or local official certifies that the proposed activities or projects are consistent with the jurisdiction's Consolidate Plan and, if the applicant is a State or unit of local government, that the jurisdication is following its Consolidated Plan.

A ""master plan"", approved by HUD, for states and local communities to receive federal funds directly from HUD for new affordable housing and community development activities. The ConPlan is intended to be a comprehensive, long-range planning document that describes housing needs, market conditions, and housing strataegies, and outlines an action plan for the use of federal housing funds. The ConPlan controls access of funds to the following programs: Community Development Block Grant (CDBG), Emergency Shelter Grant (ESG), HOME Investments Partnerships Program (HOME), Housing Opportunities for Persons with AIDS (HOPWA). A unit of local governement that receives CDBG, HOME, ESG, amd/or HOPWA program funding directly from HUD must submit a ConPlan. Every state must also a ConPlan.

A mental health services consumer is someone who is receiving or has received mental health services. The term ""consumer"" is used interchangeably with terms such as ""client"", ""patient"", ""ex-patient"", or ""survivor"". The term ""consumer"" is often chosen because it is believed to convey a sense of power to the person receiving mental health services, as one who proactively ""purchases"" or ""consumes"" mental health services.

A provision in a contract that keeps it from becoming binding until certain activities are accomplished. The buyer's securing a satisfactory mortgage is often a contingency to a sale

An inititative created by HUD to help communities plan for homeless housing and services and to provide a means for communitites to access HUD funded homeless resources

An agreement between two parties. To be valid, a real-estate contract must be dated, must be in writing, and must include a consideration, a description of the property, the place and date of delivery of the deed, and all terms, and conditions mutually agreed upon. It must also be executed (signed) by all concerned parties.

The rent HUD authorizes an owner to collect for a unit occupied by a household receiving assistance.

Loans not insured by the FHA or guaranteed by the VA. They may be insured by Private Mortgage Insurance (PMI) companies.

assist PHAs with relocation or replacement housing needs that result from the demolition, disposition, or mandatory conversion of public housing units. Also conversion vouchers include providing assistance to families living in section 8 projects for which the owner is opting out of the HAP contract, HUD is taking enforcement action against owners with project-based assistance, and projects for which the owner is prepaying the mortgage.

An adjustable rate mortgage that can be converted to a fixed-rate mortgage under specified conditions.

To transfer ownership of and title to a property from one person to another.

A housing style where buyers purchase shares in the corporation that owns the building. The number of shares varies according to the size of the apartment unit being bought or sometimes its purchased price. Tenant-shareholders have a proprietary lease that gives them the right to their units.

Co-occurrence or dual diagnosis is the simultaneous existence of a substance use disorder interacting with one or more independent DSM-IV Axis I or II mental disorders and/or a physical/sensory/cognitive/developmental disability. The disorder/disabilty is of a type and severity which exacerbates the substance use disorder or other conditions, and/or complicates treatment of the substance use disorder, and/or interferes with functioning in certain social roles.

Messages stored on your hard drive by a Web page. It can be anything, but usually is something to help you use that Web page the next time you call it up on your computer.

Certified Peer Recovery Specialist (CPRS) is a term created by the Office of Consumer Affairs and Peer Support Services of TDMHSAS in the Spring of 2013 that replaces TCPS (Tennessee Certified Peer Specialist) as the official title of a recovery specialist in Tennessee. In the field of peer support services to individuals with psychiatric and/or substance use concerns this title was changed to more accurately reflect the expansion of both psychiatric and substance use participants in addition to co-occurring service participants in recovery services.

See http://www.tn.gov/mental/recovery/oca3.shtml for more details.

Negative credit reflected on a credit report such as slow pays, open collections accounts, liens, judgments etc.

An individual's or organization's credit history prepared by a credit bureau and used by a lender to determine a loan applicant's creditworthiness.

An inventory of the community's existing beds and supportive services.

A sum of money due by an expressed agreement.

A mathematical formula expressing the total debt or total housing debt to total income.

A written instrument that conveys title to real property.

A document used instead of a mortgage in some states. Also called a security deed or bond. Pledges the house as security for the mortgage loan.

A breach of contract or failure to meet an obligation. Nonpayment of a mortgage beyond a certain number of payments is considered a default.

In addition to administering well-known criminal justice activities, is source of funding for shelters/services for victims of domestic violence.

A household member who is [1] 17 or younger; or [2] handicapped or disabled; [3] a full time student. Head of household, spouse, foster children, and live-in attendants are not to be considered as dependents.

A cash deposit made by a potential buyer to demonstrate the offer to purchase is serious.

Designated housing vouchers enable non-elderly families with a disabled person, who would be eligible for public housing if occupancy were not restricted to elderly families to lease safe, decent and affordable housing. These vouchers also assist families affected by a PHA decision to designate their buildings as ""mixed elderly and disabled buildings"" but demonstrate a need for alternative resources for families with a disabled person.

The area of the computer that shows what programs are available with icons.

Affliction characterized by chronic physical and mental disabilities, which may include: cerebral palsy, retardation, thyroid problems, seizures, and quadriplegia.

A means of connecting a computer to the internet or e-mail through a modem.

This term refers to all adults with disabilities, their advocates, families and service providers - including state and local human service agencies.

A person who has a disability as defined in Section 223 of the Social Security Act or developmentally disabled as defined in 42 USC #6001(7).

An amount equal to one percent of the principal amount of a mortgage loan. A one time charge assessed by the lender that must be paid in cash at closing.

An individual who is [1] displaced by government action; [2] residence is uninhabitable due to disaster, declared or formally recognized by Federal Government.

To exercise an action. The purpose for which something is designed or exists (role).

Two rapid clicks with the mouse button. Usually done to open an icon.

Copying information from the internet or software onto the computer.

Your initial cash investment in purchasing real estate, usually a small percentage of the sale price.

The way a computer gets to the internet or e-mail by the phone line, but it is a faster phone line. It also costs more than a regular phone line.

DSM IV. Diagnostic and Statistical Manual of Mental Disorders, Edition 4. The book used by mental health professionals in diagnosing mental illnesses and mental disorders.

The right of one party to cross or use for some specified purpose the property of another. Water, sewage, and utility suppliers frequently hold an easement across private property.

Federal law that prohibits lenders from denying mortgage on the basis of race, color, religion, national origin, age, sex, marital status.

Loan commitments often paired with section 108, which can be used to pay predevelopment costs of a Section 108-funded project. They can also be used as a loan loss reserve (in lieu of CDBG funds), to write-down interest rates, or to establish a debt service reserve.

Small, free-standing, barrier-free, energy-efficient, and removable units designed to be installed adjacent to existing single-family dwellings.

A household in which the head of the household is 62 or older. An elderly household may include elderly persons with disabilities and other family members who are not elderly.

A person at least 62 years of age is considered to be an elderly person.

Replaces paper food stamps in many states, may also be called some other name for electronic system; used like a bank card to pay for food at participating stores, restaurants, not-for-profit programs certified as eligible retailers.

For Section 8 programs - a time period based on effective date of HAP contract which is used to determine the regulations that apply.

A State, unit of local government or a private non-profit organization which provides assistance to the homeless, and which is authorized by its charter or by State law to enter into an agreement with the Federal government for use of real property

The program that allows the user to send and receive electronic messages.

A place for the computer to send messages to you.

Any file attached to an e-mail. They can contain programs with viruses. It is best to not open if the sender is unknown. Always best to save and then scan for viruses before running a program.

The right by which a government may acquire private property for public use without the consent of the owner but upon reasonable compensation.

Designated area selected through HUD's competitive process to receive additional Federal funds for improving economic conditions in distressed, disadvantaged communities.

Exists when part of an improvement to land extends over the boundary line onto an adjacent parcel.

Designated area selected through HUD's competitive process to receive additional Federal funds, but not as much as Empowerment Zones (EZ), for improving economic conditions in distressed, disadvantaged communities.

means a metropolitan city or an urban county receiving a grant

Plan developed by Public Housing Agencies for use in Section 8 and Moderate Rehabilitation programs.

The value an owner has in a piece of property exclusive of its mortgage and other liens.

Money or documents held by a third party until specific conditions of an agreement or contract are fulfilled.

A trust into which escrow moneys are deposited and from which they are disbursed. Both lawyers and real estate brokers can maintain escrow accounts.

Emergency Shelter Grant is a grant that provides funds for emergency shelter or services programs for people who are homeless. The funds are used to increase the number and quality of emergency shelters and transitonal housing facilities, for operation of these facilitites and to provide essential social services, and to help prevent homelessness.

To recover (property) from a person by legal process: To put (a tenant) out by legal process: To force out.

One broker employed to the exclusion of all others. The owner retains the right to sell the property independently without paying the agent a commission. However, if the property is sold by a different broker than the exclusive agent, the exclusive agent is entitled to a 100% commission.

A law enacted in 1988 that made it illegal in the United States to discriminate against a person with a disability attempting to rent or buy a home.

a household composed of two or more related persons. The term family also includes one or more eligible persons living with another person or persons who are determined to be important to their care or well being, and the surviving member or members of any family described in this definition

Family Self-Sufficiency (FSS) is a HUD program that encourages communities to develop local strategies to help assisted families obtain employment that will lead to economic independence and self-sufficiency. Public housing agencies (PHAs) work with welfare agencies, schools, businesses, and other local partners to develop a comprehensive program that gives participating FSS family members the skills and experience to enable them to obtain employment that pays a living wage.

are made available to families for whom the lack of adequate housing is a primary factor in the separation, or threat of imminent separation, of children from their families or in the prevention of reunifying the children with their families. Family unification vouchers enable these families to lease or purchase decent, safe and sanitary housing that is affordable in the private housing market.

Federal National Mortgage Association. A government-sponsored enterprise that operates as a private entity in the housing mortgage business.

The Fair Credit Reporting Act is a consumer protection law that regulates the disclosure of consumer credit reports.

Federal Emergency Management Administration: Funding source, administers $100 million annually to assist homeless and at-risk individuals and families. Funds are allocated by local FEMA Boards.

Acronym for the Federal Housing Administration that provides mortgage insurance and sets construction and underwriting standards. FHA does not lend money.

These are made by private lenders using their own funds. The government provides insurance against default. The borrower pays more to have this type of loan.

Fair Housing and Equal Opportunity. HUD office responsible for educating public about fair housing and enforcing nation's fair housing laws and civil rights laws as they impact housing discrimination

Federal Home Loan Bank. Major source of funding, Affordable Housing Program, permanent financing & grants

Software that blocks suspicious information from getting into your computer. It can be used with e-mail to help reduce the risk of virus infection. It is usually used by networks so that people can be on the internet but the private company information is protected.

Tax incentives are also known as loopholes. They depart from the normal tax structure and are designed to favor a particular industry, activity, or class of persons. The most familiar examples are the tax deductions for home mortgage interest and for charitable contributions. But, on the federal and state levels, there are a multitude of such incentives, paralleling direct spending programs and targeted to business, research and development, agriculture, income security, health care, oil drilling, nuclear power, employment and training, housing, social services, education, veterans' benefits, etc..

With this type of mortage, each monthly payment pays for interest and a part of the principal that had been borrowed. By the end of the mortage period, the loan will be completely paid off.

A fixture is anything permanently attached to land, such as trees or bushes (ie. landscaping) or fences and buildings.

Insurance required on properties located in a designated flood area.

The part of the computer that runs floppy disks which are reusable magnetic storage cards.

Fair Market Rent. Maximum amount of rent HUD will pay or subsidize.

Storage icons that contain the user's information like data text.

Administered by the U.S. Department of Agriculture. Oversees Food Stamp Program.

Refraining from some sort of enforcement action that is legally available.

Legal proceedings instigated by a lender to deprive a person of ownership right when mortgage payments have not been held up.

When a homeowner sells the property by themselves, without an agent. They save the 6% commission or pass the savings on to the buyer to make the property sell faster.

A government-sponsored enterprise that operates as a private entity in the housing mortage business.

A student carrying full-time subject load as determined by institution attended.

An occupation, profession or trade. The purchase and sale of goods in an attempt to make a profit.

The goals of the Moderate Rehabilitation Program are to provide the mechanism whereby: 1. substandard dwelling units are upgraded to a safe and livable standard; 2. existing housing stock is retained; and 3. additional affordable housing is provided to very low or lower income tenants.

Individuals must pass test to receive GED, usually considered the equivalent of a high school diploma.

Federal agency responsible for many administrative duties of Federal government, including publication/posting on GSA's website of the Federal government's Catalog of Domestic Federal Assistance, which lists each and every Federal program, guidelines and contact persons, cross-referenced for ease in locating sources of funding for domestic (non-military, non-international) programs.

Process whereby private or governmental-sponsored developments in certain neighborhoods, usually inner city ones, results in the displacement of low-or moderate-income families by those in higher income categories.

An itemized breakdown of estimated closing or settlement costs.

An allowed reasonable length of time to meet a commitment after the specified date of the commitment. For example, most lending institutions allow a two-week grace period after the due date of the mortgage payment before a late fee is imposed.

a form of assistance authorized by statute in which a federal agency (the grantor) transfers something of value to a party (the grantee) usually, but not always, outside of the federal government, for a purpose, undertaking, or activity of the grantee which the government has chosen to assist, to be carried out without substantial involvement on the part of the federal government.

Something given, as a privilege or right, a sum of money or a tract of land.

The agency that receives something of value from the grantor

A HUD organization which processes competitive grant applications, determines formula grant allocations, and supports the public housing operating subsidy program.

federal ageny that grants something of value to a party

The total amount a borrower earns each month before income taxes or other expenses are deducted.

The total of contract rent and utility allowance - if no utilities contract rent equals gross rent.

The proceeds payable to the borrower from the issuance of debt obligations

The amount allowable for purchase of care or apparatus for a handicapped person, as defined by HUD