Sponsor

Sponsor means a not-for-profit or for-profit organization or public entity that:
(1) Has an ownership interest (including any partnership interest), as defined by the Bank in its AHP Implementation Plan, in a rental project;
(2) Is integrally involved, as defined by the Bank in its AHP Implementation Plan, in an owner-occupied project, such as by exercising control over the planning, development, or management of the project, or by qualifying borrowers and providing or arranging financing for the owners of the units;
(3) Operates a loan pool; or
(4) Is a revolving loan fund.

Source

12 CFR § 1291.1


Scoping language

As used in this part:

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