Definitions

For purposes of this subchapter: The term “eligible low-income housing” means any housing financed by a loan or mortgage— that is— The term “nonprofit organization” means any private, nonprofit organization that— The term “preservation equity” means, for any eligible low-income housing— for purposes of determining the authorized return under section 4104(a) of this title and providing incentives to extend the low-income affordability restrictions on the housing under section 4109 of this title— for purposes of determining incentives under section 11 So in original. Probably should be “sections”. 4110 and 4111 of this title and determining the amount of an acquisition loan under the provisions of section 1715z–6(f)(3) 22 See References in Text note below. of this title— The term “resident council” means any incorporated nonprofit organization or association that—