January 26, 2023 09:38 Updated Follow It depends on how it is taxed. If it is permanently affixed and taxed as real estate, it is considered homeownership. Related articles What criteria must I meet to qualify for your (IHCDA) programs? Can I rent the property? Are there any assistance programs for individual needing help with utilties? How does IHCDA's down payment assistance program work? Can I buy a condo or a town home?