12-U.S.C.-4146

§4146 – Definitions

Pathway

Title 12 > Chapter 42 > Subchapter II > Section 4146

Details

• Reference: Section 4146
• Legend: §4146 – Definitions
• USCode Year: 2013

Provision Content

For purposes of this subchapter—

(1) the term community-based nonprofit housing developer means a nonprofit community development corporation that—

(A) has been classified by the Internal Revenue Service as an exempt organization under section 501(c)(3) of title 26;

(B) has been in existence for at least 2 years prior to the date of the grant application;

(C) has a record of service to low- and moderate-income people in the community in which the project is located;

(D) is organized at the neighborhood, city, county or multi-county level; and

(E) in the case of a corporation acquiring eligible housing under subchapter I of this chapter, agrees to form a purchaser entity that conforms to the definition of a community-based nonprofit organization under such subchapter and agrees to use its best efforts to secure majority tenant consent to the acquisition of the project for which grant assistance is requested; and

(2) the terms eligible low-income housing, nonprofit organization, owner, and resident council have the meanings given such terms in section 4119 of this title.

(Pub. L. 100–242, title II, §256, as added Pub. L. 102–550, title III, §312, Oct. 28, 1992, 106 Stat. 3769.)

U.S. Encyclopedia of Law Coverage

12-U.S.C.-4141 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-4141, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

Subchapter II – Technical Assistance and Capacity Building in the Legal Encyclopedia: Mortgage

In this entry about Subchapter II – Technical Assistance and Capacity Building, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.

12-U.S.C.-4114 in the Legal Encyclopedia: Housing

In this entry about 12-U.S.C.-4114, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.

Topic Map

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