qualified housing issue

(5) Increase and set aside for housing bonds for 2008 (A) Increase for 2008 In the case of calendar year 2008, the State ceiling for each State shall be increased by an amount equal to $11,000,000,000 multiplied by a fraction— (i) the numerator of which is the State ceiling applicable to the State for calendar year 2008, determined without regard to this paragraph, and (ii) the denominator of which is the sum of the State ceilings determined under clause (i) for all States. (B) Set aside (i) In general Any amount of the State ceiling for any State which is attributable to an increase under this paragraph shall be allocated solely for one or more qualified housing issues. (ii) Qualified housing issue For purposes of this paragraph, the term “qualified housing issue” means— (I) an issue described in section 142(a)(7) (relating to qualified residential rental projects), or (II) a qualified mortgage issue (determined by substituting “12-month period” for “42-month period” each place it appears in section 143(a)(2)(D)(i) ).


26 USC § 146(d)(5)

Scoping language

For purposes of this paragraph
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