September 11, 2020 20:28 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? Can I buy a condo or a town home? How do you define a first time homebuyer?