qualified HUD property

(2) Qualified HUD properties For purposes of this subsection, the term “qualified HUD property” means any property for which, as of the date that notification of the property is first made under paragraph (3)(B), not less than 6 months have elapsed since the later of the date that the property was acquired by the Secretary or the date that the property was determined to be unoccupied or substandard, that is owned by the Secretary and is— (A) an unoccupied multifamily housing project; (B) a substandard multifamily housing project; or (C) an unoccupied single family property that— (i) has been determined by the Secretary not to be an eligible asset under section 1710(h) of this title ; or (ii) is an eligible asset under such section 1710(h) of this title , but— (I) is not subject to a specific sale agreement under such section; and (II) has been determined by the Secretary to be inappropriate for continued inclusion in the program under such section 1710(h) of this title pursuant to paragraph (10) of such section.

Source

12 USC § 1715z-11a(b)(2)


Scoping language

For purposes of this subsection
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