Equity Loan
Equity Loan means a loan or advance of credit to the owner of an eligible low income housing project which is made for the purpose of implementing a plan of action approved in accordance with part 248 of this chapter.
Source
24 CFR § 241.1005
Scoping language
All of the definitions of 241.1 apply to equity and acquisition loans insured under subpart E of this part except the following definitions: