Chapter 3 - Concepts of Home Ownership

Question 1

Planned Unit Development (PUD)

Answer 1

Merges housing, recreation and commercial into one such contained development. (Limestone Hills)

Question 2

High-rise / Mixed Use Developments (MUD)

Answer 2

Combine office space, stores, theaters and apartment units into a single vertical community.

Question 3

Cooperative

Answer 3

Owners own shares of a corporation, not individual units.

Question 4

Manufactured Housing (Mobile Homes)

Answer 4

Trailers

Question 5

Modular Homes

Answer 5

Prefabricated. Rooms are assembled at a factory, not the home site. (not mobile homes).