Current through March 29, 2024
Section 499A.101 - DefinitionsAs used in this subchapter, unless the context otherwise requires:
1."Advisor" means a member of the association's advisory committee.2."Association" means a sweat equity housing cooperative association created pursuant to this subchapter.3."Authority" means a local housing authority created pursuant to section 499A.102.4."Low income" means the income of "very low income families" as defined in section 16.1.5."Partner" means a low-income sweat equity member of the association, and member of the sweat equity partners' committee.6."Sweat equity" means any contribution made by a partner to the operations of the association, including but not limited to physical labor.