1. As used in this Chapter:
2. A. Administrative rules means the Homebuyer Opportunity Limited Tax Exemption program administrative rules which set forth the program requirements, processes and procedures.
3. B. Applicant means the individual who or entity which owns the property and is submitting an application for the tax exemption program and is legally bound to the terms and conditions of an approved tax exemption, including but not limited to any compliance requirements under this Chapter.

C. Single-unit housing has the meaning set forth in ORS 307.651(3).