For the purposes of this chapter, the following words and phrases shall have the meaning given to them in this section except where the context indicates a different meaning.
(a) “Applicant” means an employee as defined herein who submits a completed application for a grant of a secured loan under this chapter.
(b) “Employee” means an employee of the government of Loudoun County, of the Loudoun County School Board or of any Constitutional Officers of the County of Loudoun.
(c) “County” and “County of Loudoun” shall mean the government of Loudoun County including the Loudoun County School Board and Constitutional Officers.
(d) “Dwelling” means a building or portion thereof, together with an associated interest in land, located in Loudoun County, which an applicant intends to purchase as the applicant's principal residence.
(e) “Household” means those persons who will live permanently with the applicant in the dwelling to be purchased with funds provided under this chapter and may include the applicant's spouse, partner, children, parents, siblings, or other person.
(f) “Grant” means funds initially provided to an applicant under this chapter as a secured loan to purchase a primary residence in Loudoun County; provided, however, that upon compliance by the employee with the terms, conditions and restrictions of the loan, such loan shall be forgiven, as set forth herein.
(Ord. 09-13. Passed 7-21-09.)