---
kind: "section"
citation: "12 U.S.C. § 4146"
title: "12"
title_heading: "Banks and Banking"
number: "4146"
heading: "Definitions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4146"
units:
  - "Chapter 42 — Low-Income Housing Preservation and Resident Homeownership"
  - "Subchapter II — Technical Assistance and Capacity Building"
---

# §4146. Definitions


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](/usc/26/501.md?p=c-3);
  - (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](/usc/12/4119.md?p=6) 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](/usc/12/4119.md?p=1)”, “[nonprofit organization](/usc/12/4119.md?p=6)”, “[owner](/usc/12/4119.md?p=7)”, and “[resident council](/usc/12/4119.md?p=11)” have the meanings given such terms in [section 4119 of this title](/usc/12/4119.md).

## Source credit

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