Glossary




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 ...

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.