first-time homeowner
Defined in 1 dictionary — U.S. Code
United States Code
42 U.S.C. § 1437F — under this section
For purposes of this subsection, the term “first-time homeowner” means—
(A) a family, no member of which has had a present ownership interest in a principal residence during the 3 years preceding the date on which the family initially receives assistance for homeownership under this subsection; and
(B) any other family, as the Secretary may prescribe.