eligible low-income housing

(1)The term “eligible low-income housing” means any housing financed by a loan or mortgage— (A)that is— (i)insured or held by the Secretary underand receiving loan management assistance undersection 1437f of title 42due to a conversion fromsection 1701s of this title; (ii)insured or held by the Secretary and bears interest at a rate determined under the proviso of; (iii)insured, assisted, or held by the Secretary or a State or State agency undersection 1715z–1 of this title; or (iv)held by the Secretary and formerly insured under a program referred to in clause (i), (ii), or (iii); and (B)that, under regulation or contract in effect before, is or will within 24 months become eligible for prepayment without prior approval of the Secretary.

Source

12 USC § 4119(1)


Scoping language

For purposes of this subchapter
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