Affordable Housing Development Loan

Affordable Housing Development Loan means origination of a loan to finance the acquisition, construction, and/or development of single- or multi-family residential real property, where at least 60 percent of the units in such property are affordable, as may be defined in the applicable NOFA, to Eligible Residents who meet Low- and Moderate-Income requirements;

Source

12 CFR § 1806.103

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Scoping language

For purposes of this part, the following terms shall have the following definitions:

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