preservation equity

(8) The term “preservation equity” means, for any eligible low-income housing— (A) for purposes of determining the authorized return under section 4104(a) of this title and providing incentives to extend the low-income affordability restrictions on the housing under section 4109 of this title — (i) the preservation value of the housing determined under section 4103(b)(1) of this title ; less (ii) any debt secured by the property; and (B) for purposes of determining incentives under section 4110 and 4111 of this title and determining the amount of an acquisition loan under the provisions of section 1715z–6(f)(3) of this title— (i) the preservation value of the housing determined under section 4103(b)(2) of this title ; less (ii) the outstanding balance of the federally-assisted mortgage or mortgages for the housing.

Source

12 USC § 4119(8)


Scoping language

under the provisions of section 1715z
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