eligible multifamily housing property

(5) Eligible multifamily housing property The term “eligible multifamily housing property” means a property consisting of more than 4 dwelling units— (A) to which the Corporation acquires title in its corporate capacity, its capacity as conservator, or its capacity as receiver (including in its capacity as the sole owner of a subsidiary corporation of a depository institution under conservatorship or receivership, which subsidiary has as its principal business the ownership of real property); and (B) that has an appraised value that does not exceed the applicable dollar amount specified in section 221(d)(3)(ii) of the National Housing Act [ 12 U.S.C. 1715 l(d)(3)(ii)] for elevator-type structures, as such dollar amount is increased under such section for geographical areas or on a project-by-project basis (except that any such increase on a project-by-project basis shall be made pursuant to a determination by the Corporation that such increase is necessary).


12 USC § 1831q(p)(5)

Scoping language

For purposes of this section
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