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Code · STATUTE-COMPILATIONS · Compilation 10705 · Sec. 401

Sec. 401. DEFINITIONS

266 words·~1 min read·/statute-compilations/comps-10705/sec-401

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## SEC. 401 DEFINITIONS **[**[12 U.S.C. 1715z–1a note](/us/usc/t12/s1715z–1a)**]** For purposes of this title: ####
(1)Covered multifamily housing property The term “**covered multifamily housing property**” means any housing— #####
(A)that is— ######
(i)reserved for occupancy by very low-income elderly persons pursuant to section 202(d)(1) of the Housing Act of 1959; ######
(ii)assisted under the provisions of section 202 of the Housing Act of 1959 (as such section existed before the effectiveness of the amendment made by section 801(a) of the Cranston-Gonzalez National Affordable Housing Act); ######
(iii)financed by a loan or mortgage insured, assisted, or held by the Secretary or a State or State agency under section 236 of the National Housing Act; or ######
(iv)financed by a loan or mortgage insured or held by the Secretary pursuant to section 221(d)(3) of the National Housing Act; and #####
(B)that is not eligible for assistance under— ######
(i)the Low-Income Housing Preservation and Resident Homeownership Act of 1990; ######
(ii)the provisions of the Emergency Low Income Housing Preservation Act of 1987 (as in effect immediately before the date of the enactment of the Cranston-Gonzalez National Affordable Housing Act9); or 9November 28, 1990 ######
(iii)the HOME Investment Partnerships Act. ####
(2)Covered multifamily housing property for the elderly The term “**covered multifamily housing property for the elderly**” means any multifamily housing project that was designed or designated to serve, or is serving, elderly persons or families and is assisted under a program administered by the Secretary. ####
(3)Secretary The term “**Secretary**” means the Secretary of Housing and Urban Development.
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  • 12 USC 1715z–1a
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Sec. 401
DEFINITIONS
Cite12 USC 1715z–1a
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