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Is a Planned Urban Development home regarded by Fannie Mae or Freddie Mac as a Condominium?
Wiki User
∙ 14y ago
From the Forbes Investopedia Site, here is the definition of a Planned Urban Development (PUD):
"A type of community zoning classification that is planned and developed within a city, municipality and/or state that contains both residential and non-residential buildings (such as shopping centers). Open land, such as for parks, is also often included in the zones
"In order to make certain communities more attractive and self sufficient, city planners will provide them with both residential and professional zoning. This allows for the development of homes, shopping centers and/or light industry, as well as recreation areas such as parks. Areas such as these are valuable in that they provide their inhabitants with both housing and a place to work."
A condominium is a form of real estate ownership that can include the elements of a PUD, as above, but usually do not include them all. A standard for condominiums is residences, and may include retail store-fronts, especially on the lower levels. A condominium development may also include a park.
Rarely will a condominium community include a shopping center or a light industrial building.
Freddie Mac focuses on home ownership, as does Fannie Mae. Apparently, you can work with them to facilitate occupancy of home-related spaces, including condominiums.
Wiki User
∙ 14y ago
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What is the difference between a condominium and a planned unit development?
A condominium is a living or working space (unit). A planned unit development may include a mix of commercial and residential spaces, and free-standing commercial areas, such as petrol stations and a shopping mall.
What is Organisation Development?
Org development is a process tru which organisations grow and change in a planned way
Which performance management phase provides resources and training?
ACTEDS is a based system that ensures planned development of civilians
What is poor planning?
poorly planned- development not well thought out.
What is the common problem in a condominium bldg?
Your answer depends on who's asking the question. For some residence, the 'common problem' is the neighbors. For the board, the 'common problem' may be the age of the building or the state of planned maintenance. Since not all condominium buildings are alike, each has its own set of 'problems'.
How can you determine if you live in a planned unit development?
It will say so in your tax records.
What has the author Mary Corsetti written?
Mary Corsetti has written: 'Planned unit development planning for people' -- subject(s): Community development, Housing development
Can CC and Rs for a planned development prevent motor homes to be put on a lot?
Yes.
What is a way to Better state planned and developed?
None suggested. Planned and developed are two different words referring to two (2) distinct activities in a systems/product development life cycle.
Which performance management phase provides training and coaching?
ACTEDS is a based system that ensures planned development of civilians
Who takes care of the condominium and the grounds?
generally this is going to be your homeowners association within the condo, although it can many times be managed by a professional management company. I personally live in a PUD (Planned Unit Development) community, which is very similar to a condo complex. In my neighborhood, all of our property maintenance and insurance issues are handled through the HOA. If all else fails, you could contact your condo association and ask them. hope this helps!
What is Pud real estate?
PUD = Planned Unit Development There are two basic meanings to this term. One is a zoning concept which typically allows the clustering of improvements resulting in a higher density within a larger overall project. The second relates to financing residential property. If the residence is subject to a mandatory home owner association fee then the project is considered to be a PUD. However, this does not apply to condominium projects which represent a different category.
