In this Schedule–

• “new build property” means subjects comprising a unit that is to be constructed for or by a grant recipient;

• “off the shelf property” means subjects comprising a unit that a grant recipient–

  1. a

     acquires;

  2. b

     acquires and improves; or

  3. c

     already owns but improves;

• “project” means the provision of a unit which is either a new build property or an off the shelf property;

• “RHOG” means rural home ownership grant paid by a local authority to a grant recipient in respect of the subjects in a rural area; and

• “term of the RHOG” means 10 years from the date of payment of the RHOG for which the terms and conditions of the grant are to apply.