12 USC § 4146 - Definitions

---
identifier: "/us/usc/t12/s4146"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4146 - Definitions"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4146"
section_name: "Definitions"
chapter_number: 42
chapter_name: "LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP"
subchapter_number: "II"
subchapter_name: "TECHNICAL ASSISTANCE AND CAPACITY BUILDING"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 100–242, title II, § 256, as added Pub. L. 102–550, title III, § 312, Oct. 28, 1992, 106 Stat. 3769.)"
---


# § 4146. Definitions

For purposes of this subchapter—

**(1)** the term “community-based nonprofit housing developer” means a nonprofit community development corporation that—

**(A)** has been classified by the Internal Revenue Service as an exempt organization under section 501(c)(3) of title 26;

**(B)** has been in existence for at least 2 years prior to the date of the grant application;

**(C)** has a record of service to low- and moderate-income people in the community in which the project is located;

**(D)** is organized at the neighborhood, city, county or multi-county level; and

**(E)** in the case of a corporation acquiring eligible housing under subchapter I of this chapter, agrees to form a purchaser entity that conforms to the definition of a community-based nonprofit organization under such subchapter and agrees to use its best efforts to secure majority tenant consent to the acquisition of the project for which grant assistance is requested; and

**(2)** the terms “eligible low-income housing”, “nonprofit organization”, “owner”, and “resident council” have the meanings given such terms in section 4119 of this title.

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**Source Credit**: (Pub. L. 100–242, title II, § 256, as added Pub. L. 102–550, title III, § 312, Oct. 28, 1992, 106 Stat. 3769.)