eligible neighborhood development activity

(1) The term “eligible neighborhood development activity” means— (A) creating permanent jobs in the neighborhood; (B) establishing or expanding businesses within the neighborhood; (C) developing, rehabilitating, or managing neighborhood housing stock; (D) developing delivery mechanisms for essential services that have lasting benefit to the neighborhood; or (E) planning, promoting, or financing voluntary neighborhood improvement efforts.


42 USC § 5318a(a)(1)

Scoping language

For the purposes of this section
Is this correct? or