{"identifier":"/us/usc/t12/s4146","title":12,"num":"\u00a7\u202f4146.","heading":"Definitions","text":"\u00a7\u202f4146.\nDefinitions\nFor purposes of this subchapter\u2014\n(1) the term \u201ccommunity-based nonprofit housing developer\u201d means a nonprofit community development corporation that\u2014\n(A) has been classified by the Internal Revenue Service as an exempt organization under\nsection 501(c)(3) of title 26\n(B) has been in existence for at least 2 years prior to the date of the grant application;\n(C) has a record of service to low- and moderate-income people in the community in which the project is located;\n(D) is organized at the neighborhood, city, county or multi-county level; and\n(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\n(2) the terms \u201celigible low-income housing\u201d, \u201cnonprofit organization\u201d, \u201cowner\u201d, and \u201cresident council\u201d have the meanings given such terms in\nsection 4119 of this title","url":"https://projectusc.org/usc/t12/s4146.html","content":[{"t":"sec","id":"/us/usc/t12/s4146","children":[{"t":"num","text":"\u00a7\u202f4146."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"For purposes of this subchapter\u2014"},{"t":"para","id":"/us/usc/t12/s4146/1","children":[{"t":"num","text":"(1)"},{"t":"chapeau","text":" the term \u201ccommunity-based nonprofit housing developer\u201d means a nonprofit community development corporation that\u2014"},{"t":"subpara","id":"/us/usc/t12/s4146/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" has been classified by the Internal Revenue Service as an exempt organization under ","children":[{"t":"ref","text":"section 501(c)(3) of title 26","href":"/us/usc/t26/s501/c/3","tail":";"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s4146/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" has been in existence for at least 2 years prior to the date of the grant application;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s4146/1/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" has a record of service to low- and moderate-income people in the community in which the project is located;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s4146/1/D","children":[{"t":"num","text":"(D)"},{"t":"content","text":" is organized at the neighborhood, city, county or multi-county level; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s4146/1/E","children":[{"t":"num","text":"(E)"},{"t":"content","text":" 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","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s4146/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the terms \u201celigible low-income housing\u201d, \u201cnonprofit organization\u201d, \u201cowner\u201d, and \u201cresident council\u201d have the meanings given such terms in ","children":[{"t":"ref","text":"section 4119 of this title","href":"/us/usc/t12/s4119","tail":"."}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"}]}]}