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low-income unit

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 142 — for purposes of this section

The term “low-income unit” means any unit which is required to be occupied by individuals who meet the applicable income limit.

26 U.S.C. § 42 — for purposes of this section

The term “low-income unit” means any unit in a building if—

(i) such unit is rent-restricted (as defined in subsection (g)(2)), and

(ii) the individuals occupying such unit meet the income limitation applicable under subsection (g)(1) to the project of which such building is a part.

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