A to Z · 1055 Terms

Real estate & finance, demystified.

The jargon can be exhausting. Here’s a plain-English glossary covering real estate, lending, investment, and the business-finance ecosystem that surrounds them.

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Appraisal & Valuation

Physical Depreciation

Wear and tear on a property over time.

Appraisal & Valuation

Reconciliation

The appraiser’s process of weighing multiple value indications to reach a final opinion.

Appraisal & Valuation

Restricted Appraisal Report

A short-form appraisal for a single client with limited use.

Affordable Housing & Government

30/60/80 AMI

Common affordable housing income tiers used for unit set-asides.

Affordable Housing & Government

Fair Housing Act

Federal law prohibiting housing discrimination based on protected classes.

Affordable Housing & Government

HOME Program

A federal block-grant program funding state and local affordable housing efforts.

Affordable Housing & Government

HUD

U.S. Department of Housing and Urban Development — the federal agency for housing policy.

Affordable Housing & Government

Inclusionary Zoning

A local rule requiring developers to include affordable units in new projects.

Affordable Housing & Government

Workforce Housing

Housing affordable to households earning 60-120% of area median income.

Appraisal & Valuation

Adjustment

Dollar additions or subtractions to comparable sale prices to account for differences.

Appraisal & Valuation

AMC

Appraisal Management Company — a third party that orders and reviews appraisals for lenders.

Appraisal & Valuation

Appraisal

A professional estimate of a property’s market value.