Tennessee Reasonable Development

State:
Multi-State
Control #:
US-OG-507
Format:
Word; 
Rich Text
Instant download

Description

This is a Reasonable Development form. The assignee shall drill all additional wells necessary to develop the leases and the land they cover, necessary to protect them from drainage, as would a reasonably prudent operator; provided, however, without limitation of the foregoing, assignee shall drill all development, protection, or offset wells which may be required under the terms and provisions of the oil and gas leases on the lands, to the depths assigned.

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FAQ

THDA's purpose is to: Bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units.

The Low-Income Housing Tax Credit is a credit against federal income tax liability each year for 10 years for owners and investors in low-income rental housing. The amount of tax credits is based on reasonable costs of development, as determined by THDA, and the number of qualified low-income units.

Tennessee Homeowner Assistance Fund (TNHAF) will provide assistance to homeowners for the purpose of preventing homeowner mortgage delinquencies, defaults, foreclosures, and displacements of homeowners experiencing financial hardship after January 21, 2020.

The Tennessee Housing Development Agency (THDA) provides fixed rate mortgage loans for first-time homebuyers, promotes the production of new affordable housing units for households of very low- to moderate-income, promotes the preservation and rehabilitation of existing housing units for such persons, and brings ...

To qualify for a first-time homebuyer program in Tennessee, you must meet its eligibility requirements. Qualifications for each program varies, but homebuyers can expect to meet the following eligibility requirements: Annual income limits, depending on county. Debt-to-income ratio of 45% or less.

THDA Homeownership Voucher Program - THDA offers a Housing Voucher (Section 8) to Homeownership Program covering most counties in Tennessee. People who meet the guidelines may be able to use their Housing Vouchers to buy homes.

T.C.A. §§ 13-3-401 and 13-4-301 define a subdivision as: Dividing any tract or parcel into two or more lots, site, or other divisions requiring new street or utility construction; or. Any division less than five acres for sale of building development.

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Tennessee Reasonable Development