federally-subsidized indebtedness
(3) Federally-subsidized indebtedness For purposes of this subsection— (A) In general The term “federally-subsidized indebtedness” means any indebtedness if— (i) financing for the indebtedness was provided in whole or part from the proceeds of any tax-exempt qualified mortgage bond, or (ii) any credit was allowed under section 25 (relating to interest on certain home mortgages) to the taxpayer for interest paid or incurred on such indebtedness. (B) Exception for home improvement loans Such term shall not include any indebtedness to the extent such indebtedness is federally-subsidized indebtedness solely by reason of being a qualified home improvement loan (as defined in subsection (k)(4)).