nonprofit organization

(6) The term “nonprofit organization” means any private, nonprofit organization that— (A) is organized or chartered under State or local laws; (B) has no part of its net earnings inuring to the benefit of any member, founder, contributor, or individual; (C) complies with standards of financial accountability acceptable to the Secretary; and (D) has among its principal purposes significant activities related to the provision of decent housing that is affordable to very low-, low-, and moderate-income families.


12 USC § 4119(6)

Scoping language

For purposes of this subchapter
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