eligible property

(3) The term “eligible property” means a multifamily rental property, containing 5 or more units, that is— (A) owned or held by the Secretary; (B) financed by a loan or mortgage held by the Secretary or insured by the Secretary; (C) determined by the Secretary to have serious physical or financial problems under the terms of an insurance or loan program administered by the Secretary; or (D) owned or held by the Secretary of Agriculture, the Resolution Trust Corporation, the Federal Deposit Insurance Corporation, the Secretary of Defense, the Secretary of Transportation, the General Services Administration, any other Federal agency, or a State or local government or an agency or instrumentality thereof.


42 USC § 12876(3)

Scoping language

For purposes of this part
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